Most Important GST-Related Supreme Court Judgments for Practice The five most impactful Supreme Court cases are discussed in detail. These 5 judgments are indeed the most important GST Supreme Court rulings for every CA, GST consultant, tax lawyer, CFO, and business owner because they directly impact ITC, refunds, imports, insolvency, and compliance. Mohit Minerals Pvt. …
GSTN: E-Way Bill Enhancements (Ship-To GSTIN) hold next notice GSTN advisory is significant because it would have introduced new mandatory data requirements and validation checks in the e-Way Bill and e-Invoice ecosystem from 1 August 2026. However, GSTN has now put these changes on hold until further notice after receiving representations from taxpayers, ERP vendors, …
Complete Guide to Reverse Charge Mechanism (RCM) under GST Under Goods and Services, tax is generally paid by the supplier…But in specified cases, the recipient becomes liable. This is called the reverse charge mechanism. Mismanaging the reverse charge mechanism is one of the top reasons for Goods and services notices & Input tax credit disputes. …
Form ENR-03: Introduced for Unregistered Dealers on E-Way Bill Portal The E-Way Bill (EWB) system now allows unregistered dealers to generate e-Way Bills using Form ENR-03, eliminating the requirement for a GSTIN. This simplifies goods transportation compliance and enhances logistics efficiency. GSTN Issue Notification issued on ENR-03 filing process for Unregistered Persons (URPs) to generate …
GSTN Enable new option available new GSTR-1 filing option available. By checking the box GSTR-1 NIL return filing option was made available by the Goods and Services Tax Network (GSTN) through checking the box rather than generating a summary, All regular and irregular registered taxpayers who make outward supplies of goods and services or both …
What is the system of E-Invoice? There was a lack of a standard invoicing system on the market and the GST Council, in discussion with the ICAI (Institute of Chartered Accountants of India), the statutory body regulating the practice and profession of chartered accountants in India introduced a new requirement with this invoicing system. This …
Impacts of E-Invoicing System for businesses under the GST What is an electronic invoice? The documentation required for e-Invoicing and reporting to the Invoice Registration Portal (IRP): The supplier’s credit notes, Debit notes from retailer, Invoices from suppliers A specific mention should be disclosed under the statute, or any other necessary document, by a specific …
Key features on Auto-population of e-invoice details in GSTR-1/2A/2B/4A/6A Who’s needed to create an E-invoice? Wide Notification No. 13/2020–Central Tax dated 21 March 2020, amended from time to time, any registered person with a cumulative turnover exceeding Rs 500 Cr in any previous FY from 2017 to 18 is needed to create an e-invoice w.e.f. …
Overview of Invoice Furnishing Facility (IFF) Under QRMP Scheme The Invoice Furnishing Facility (IFF) means that small taxpayer uploads their invoices on a monthly basis. On 10.11.2020, the Central Board of Indirect Taxes & Customs (CBIC) notified the Invoice Furnishings Facility via notification number 82/2020-Central Tax. The CBIC introduced the QRMP scheme GST to help …
GSTN taken the measures to track the fake invoice/ dealers/rackets by press realize notified Ministry of Finance issue new Press Release issued on dated December 23, 2020, regarding measures recommended by GST Council to curb fake dealers/invoice rackets notified. The recommendations of the Law Committee as made aware are central to 4 main measures which include: Tightening up …