Detailed rules and guidelines for issue of invoice and GST invoice format have been provided for in the GST Tax Invoice, Credit and Debit Notes rules. As per the GST invoice rules, all GST invoices ...

Rule 46 (b) of the CGST Rules 2017 specifies that the tax invoice issued by a registered person should have a consecutive serial number, not exceeding sixteen characters, in one or multiple series, ...

In a major crackdown on tax fraud, the Directorate General of GST Intelligence (DGGI), Bengaluru Zonal Unit, has unearthed a massive fake invoicing racket involving six shell companies. The operation, ...

The new invoice management system under the GST regime, designed to eliminate unbilled transactions across the country, has been met with widespread criticism from taxpayers and industry experts alike ...

The Story so far: The GST Council of India approved and rolled out the ‘e-invoicing’ or ‘electronic invoicing’ eco-system in a phased manner for reporting of business-to-business (B2B) invoices to GST ...

Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, in the investigation of a major GST evasion case, arrested a GST consultant in Vijayawada, for his role in ...

Input Tax Credit (ITC) has long been a complex terrain for businesses navigating the intricate world of Goods and Services Tax (GST). For enterprises, an accurate input tax credit claim is not just a ...

The Goods and Services Tax Network (GSTN) has introduced an invoice management system (IMS) on its portal, seeking to help taxpayers claim input tax credit (ITC) and reduce disputes. Invoice data ...

Goods and services tax (GST): The goods and services tax network (GSTN) has implemented a new feature inside the invoice management system (IMS) on the GST portal where suppliers can see whether the ...

GST is a household term in India, not just because it’s a tax levied on most goods and services, but because it’s a relatively new phenomenon that also attracted controversy. But there’s more to it ...

Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...