OptiE-invoice is a ready-to-use product designed specifically for SAP ECC/S4 HANA system users in India. This solution offers a comprehensive set of features and benefits: Seamless Integration with SAP OptiE-invoice seamlessly integrates and validates invoice data within your SAP system, eliminating the need for manual data entry and reducing the chances of errors. Real-Time Integration with Government Portal (IRP) One …
Notification No. 16/2021 of Central Tax Dated: 01/06/2021 Appointed Effective date for provisions of section 112 of Finance Act, 2021 as 1st June 2021, which amended Subsection (1) Section 50 of Central Goods and Services Act retrospectively. i.e., Interest shall be levied only on the portion of the tax which is paid by debiting the electronic cash ledger. Notification No. 17/2021 of Central ...
Budget 2021: Updates as on 1st February 2021 GST audit requirement by specific professionals such as CAs and CMAs has been removed from the GST law. Sections 35 and 44 have been amended in this regard. As per the amendment, only GSTR-9 annual returns on a self-certification basis need to be filed on the GST portal by taxpayers, completely removing ...
CBIC provided relief by waiving late fees for filing GSTR 3B Relief by waiving late fees for filing GSTR 3B Notification No 15 days from the due date of furnishing return for the months of March & April 2021 in case of Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year, 30 days ...
A brief summary is as under: Rule 23(1)is amended to allow the filing of an application for revocation of cancellation of registration within a period of 30 days from date of service of the order of cancellation or within such time period as extended by the Additional Commissioner or the Joint Commissioner or the Commissioner, as the case may be. ...
Extension in dates of various GST Compliances for GST Taxpayers vide Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021.The details are summarized below: Filing of Form GSTR-1/IFF by Normal Taxpayers: Sl. No. Return Type(Form) To be filed by Tax period Due Date Due Date Extended till Notification No. 1 Form GSTR-1 (Monthly) Normal Taxpayer ...
Here are the significant changes in GST which will be applicable from April 1, 2021. Tax Invoice (B2C) Tax Invoice (B2B) E-Invoicing GSTR1 GSTR-9 Tax Invoice (B2C)Self-generated Dynamic QR Code mandatory for B2C Tax Invoice for suppliers above INR 500 Cr turnover
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.
The 37thGST Council met in Goa on 20.09.2019 under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was enriched with other important personalities like Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Chief Minister of Goa Shri Pramod Sawant, Finance Ministers of States & UTs and senior officers of ...
