Page 2 - Gst Invoices

Amazon Business launches exclusive deals for small firms in festive sale

E-commerce giant's marketplace is offering these deals during its biggest festive season sale Great Indian Festival across segments such as laptops, printers and office electronics

E-invoicing to be extended to all firms from Apr 1 in phases: Finance secy

The IRN generation has grown by 163 per cent from October 1 - 7

Carrying physical copies of e-invoices not required, clarifies GSTN

CBIC has said companies will not attract any penalty if they move goods without e-invoicing

Eligibility to prepare e-invoice under GST based on PAN, says expert

One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests

Biz with turnover above Rs 500 cr to raise e-invoice for B2B transactions

The Central Board of Indirect Taxes and Customs (CBIC) has notified the revised format for e-invoice under GST by replacing existing form and also increased the turnover threshold

Covid-19 is likely to be a litmus test for GST Council, say experts

Experts for staggered payments, liberal input tax credit norms, and expediting e-invoicing

Fake invoicing racket worth Rs 7,896 cr busted; accused use 23 shell firms

This was done by a network of 23 shell companies. Two people were arrested for the same on February 29

Delhi GST unit unearths racket involving fake invoices; two arrested

The accused were found to be operating 42 fake firms created to facilitate fraudulent Input Tax Credit (ITC), thus defrauding the exchequer

Universal invoice matching is absurd

The CAG has said that invoice matching has made the system prone to input tax credit fraud

GST Intelligence unit busts Rs 100-crore fake invoice racket in Gujarat

Acting on specific intelligence regarding fraudulent availment and utilisation of ITC under GST regime, officials conducted simultaneous searches at 14 different business and factory premises

Ahmedabad CGST officials bust fake GST invoice racket worth Rs 175 crore

CGST Ahmedabad-South Commissionerate officials also arrested a 38-year-old city-based businessman for issuing bogus invoices worth Rs 175 crore for availing ITC worth Rs 32 crore fraudulently

Taxman plans to match GST invoices to plug revenue leakage

Move in response to falling GST revenue collections

Businesses can upload sale, purchase invoices on GSTN portal from July 24

Last month, GSTN had launched an offline Excel format for businesses to keep their invoice records