We have discussed the process to generate e-Invoices and IRN separately in various articles. In this article, we will talk about the workflow of the e-Invoicing system from its starting point. The overall flow of e-Invoice generation can be divided into two major parts: Part A: Data Flow From The Business To The Invoice Registration … Read moreStep-By-Step Process to Generate An e-Invoice/IRN
The GSTN has enabled the Aadhaar Authentication/e-KYC facility for Taxpayers on the GST portal. Though this authentication is optional as of now, Taxpayers are advised to complete it at the earliest. In our previous article, we have explained the steps Taxpayers can take to complete the Aadhaar Authentication. However, in some instances, the signatories may … Read moree-KYC For Existing Taxpayers On GST Portal
The Central Board of Indirect Taxes and Customs (CBIC) has notified the exchange rate for converting each of the below-mentioned foreign currencies into Indian currency via Notification No. 31/2021 – Customs (N.T) on 18 March 2021. These revised rates will be effective from 19 March 2021 for the import and export of goods. SCHEDULE-I Foreign … Read moreExchange Rates For Customs
GST registration is mandatory* for businesses that have a turnover of more than INR 40 lakhs (INR 10 lakhs for North-Eastern and hilly states). In some cases, the turnover criteria is not applicable. That means some businesses have to be GST registered irrespective of their turnover. When a business applies for GST registration, an Application … Read moreHow To Check GST Registration Status?
The GSTN has enabled the Aadhaar Authentication facility on the GST portal. Taxpayers are expected to complete the authentication process at the earliest to help the Government verify the identity of Taxpayers. When a Taxpayer logs into his/her/their GST account on the GST portal, the following message is displayed: As of now, the Taxpayers have … Read moreTaxpayers Exempted From Aadhaar Authentication Process
As part of the Central Government’s initiative to promote the idea of ‘Ease of doing Business’, a simplified registration process for new companies was introduced (SPICe+). SPICe+ is an integrated web e-form that covers services offered by three Central Government Ministries (Ministry of Corporate Affairs (MCA), the Department of Revenue in the Ministry of Finance, … Read moreINC35 AGILE-PRO
GSTR-1 is a summary of outward supplies and can be filed monthly/quarterly. This return essentially shows all of the sale/outward transactions carried out by a business. With the introduction of e-Invoicing, data sharing between the Government portals is enabled. In other words, the details that are submitted by the business/taxpayer to the Invoice Registration Portal … Read moreHow To Edit E-Invoice Data In GSTR-1?
Advance rulings can help taxpayers plan activities that attract GST before undertaking them. It brings clarity to the interpretation of the laws and accompanying rules. You can refer to this article for an overview of Advance Ruling under GST. In brief, the Advance Ruling is issued by the Authority of Advance Ruling (AAR), which is … Read moreHow To Get Advance Rulings On GST Portal?