WebOct 11, 2024 · Photo : BCCL. New Delhi: From next year, e-invoicing under Goods and Services Tax (GST) will be mandatory for businesses having an annual turnover of … Web29 minutes ago · GSTN, IRP News: Important e-invoice uploading update for business with turnover of Rs 100 crore - Details “Our investigation has revealed that the insurance companies availed input tax credit (ITC) without the underlying supply of goods and services, based on fake invoices provided by these insurance intermediaries.
E-invoices for businesses with over Rs 5 crore annual turnover ...
Web1 day ago · Time limit specified for E Invoice Uploading / IRN Generation on the IRP Portal. E-Invoicing was made applicable from 1st October 2024 to all businesses whose aggregate turnover exceeded Rs.500 crore. Gradually this was made applicable to the business whose aggregate turnover exceeded Rs. 10 crores, in phase wise manner. WebAug 2, 2024 · From April 1, 2024, companies with turnover of over Rs 50 crore were generating B2B e-invoices, and the threshold was brought down to Rs 20 crore beginning April 1, 2024. Going forward, The CBIC plans to further lower the threshold for e-invoice generation to Rs 5 crore. body inflation pump
E-Invoice: Does your biz have a turnover of Rs 10 crore or more? E ...
WebAs a first phase of implementing the e-invoice applicability, generating e invoices became mandatory for businesses with a turnover of 500 crores and above from 1st October 2024. But from 1st October 2024, as per CBIC notification, the fifth phase of e-invoice applicability made effective for GST taxpayers whose aggregate turnover is more than ... WebJul 4, 2024 · At present, any firm with Rs 20-crore turnover is mandated to file this. The government is planning to make GST e-invoicing mandatory for companies with a … WebJul 8, 2024 · The GST e-invoicing will likely be mandatory for firms with a turnover of over Rs 5 crore from January 1, 2024, down from the current threshold of Rs 20 crore to … body inflation pills