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Centre announces GST relief measures amid second COVID-19 wave

India is struggling with the second wave of the Coronavirus pandemic. This means businesses that haven’t quite recovered from the first wave will be facing even more financial concerns this year. To o...Continued

Everything you need to know about Dynamic QR code under B2C eInvoicing

Generation & printing of Dynamic QR code under the Goods and Services Tax for business to consumer transactions may have been deferred to the end of June 2021 but taxpayers must consider it an opportu...Continued

Flavored milk joins the parotta, popcorn bandwagon after contradictory AAR rulings

After popcorn, parotta, and oil, a contradictory verdict by the Authority for Advance Ruling has the dairy industry perplexed this time. Earlier this year, the Karnataka bench of the AAR had provided ...Continued

Getting Ready for Phase 3 of e-Invoicing and Handling Practical GST Challenges [Expert Insights]

Starting the 1st of April 2021, all registered businesses with an annual aggregate turnover of INR 50 crores and above have to adhere to the e-Invoicing guidelines mandatorily. Electronic Invoicing, o...Continued

14 new functionalities on the GST portal you can use from now on

This year, the Goods and Services Tax Portal has introduced new functionalities to improve the efficiency of the indirect taxation system and make the system more user-friendly. This article highlight...Continued

What you should know about the QRMP scheme and IFF facility on the GST portal

In its 42nd meeting on 5th October 2020, the GST council recommended the QRMP scheme and Invoice Furnishing Facility (IFF) for the small taxpayers whose aggregate turnover is up to INR five crores. Th...Continued

Penalty for not capturing QR Code in GST Invoice waived till June 30th 2021

The Central Board for Indirect Taxes and Customs has issued a notice extending the waiving of the penalty that was applicable if taxpayers failed to capture the dynamic QR code on a GST invoice. All G...Continued

Latest updates on e-Invoicing - The 3rd phase and all it includes

While e-invoicing has been mandated for all B2B transactions in companies with an annual turnover of INR 500 crore, and more recently for all companies with an annual aggregate income of INR 100 crore...Continued

Allow rectification of GSTR3B in case of honest errors says Gujarat HC

In a recent judgement by the High Court of Gujarat, the Goods and Services Tax Network was directed to rectify entries in GSTR3B returns filed by the petitioner. The applicant is engaged in the busine...Continued

Everything you need to know about e-Invoicing for SMBs

While e-invoicing has been mandated for all B2B transactions in companies with an annual turnover of INR 500 crore, and more recently for all companies with an annual aggregate income of INR 100 crore...Continued