Currently, there is an edit facility given to both buyers and sellers to correct any errors even after credit is taken on the tax. The government plans to do away with the flexibility given to buyers ...
A GST invoice is generated by a supplier or seller of goods and services to the buyer. The document contains purchase information and details of the supplier and buyer. According to a circular issued ...
Ecommerce marketplace Meesho has opened its platform to non-GST (goods and services tax) sellers. This decision, which came into effect on October 1, aligns with the recent announcement by the ...
https://www.thehindubusinessline.com/economy/gst-assesses-with-turnover-between-5-10-crore-must-prepare-for-e-invoice-system-transition/article66979401.ece Copy GST ...
Gradual reduction in the annual turnover threshold for mandatory e-invoicing for business-to-business supplies may help large firms fully claim their input tax credit (ITC), which often gets stuck due ...
In FY24, Directorate General of Revenue Intelligence detected Rs 21,000 crore worth of fake invoicing across country and made 113 arrests in this regard Shrawan Kumar (right), chief commissioner, CGST ...
Fresh troubles seem to be in the offing for Patanjali Group companies led by Baba Ramdev. Directorate General for GST Intelligence (DGGI) is understood to have issued 2 show-cause notices to Patanjali ...
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