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Benefits of E Invoice – A Business Perspective

The GST Council approved the implementation of electronic invoicing or E-invoicing for business to business (B2B) transactions from January 1, 2020. After being implemented, it might curb tax evasion by pre-populating GST returns with the e-invoice details. The filing of GST returns will also become simpler with easy reconciliation. Recently, a concept note was made available on the GST Network (GSTN) website explaining what e-invoice is and how it operates.

E- Governance Recent Initiative by DGFT on Automatic system for issuing Status Holder Certificates

Status Holder certificate – Eligibility& Benefits Status Holders are business leaders who have excelled in international trade and have successfully contributed to country's foreign trade. Status Holders are expected to not only contribute towards India's exports but also provide guidance and handholding to new entrepreneurs.Eligibility All exporters of goods, services and technology having an import-export code (IEC) number shall be eligible for recognition as a status holder. Status recognition will depend on export performance. An applicant shall be categorized as status holder on achieving export performance during the current and previous three financial years (for Gems& Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder). For granting status, export performance is necessary in at least two out of four years Threshold Export performance as Notified in FTP 2023 Benefits /Privileges of status

GST Notifications by CBIC as on 01st May,2021.

Extension in dates of various GST Compliances for GST Taxpayers Government has extended the dates of various compliances by Taxpayers under GST, through Central

Summary of CGST (Fourth Amendment) Rules, 2021 vide Notification No. 15/2021 – Central Tax dated 18th May,2021

Updates from GST Council: Latest Notifications by CBIC | IVLDSP Blog

Summary of GST Notifications issued on 01-06-2021 by CBIC

GST Council Updates: Central Tax Notifications Summary | IVLDSP Blog

Summary of Notifications no. 05 , 06 , 07 , 08 , 09 under Central Tax, GST