- 12 May 2023 05:39 PM
- New
Businesses with more than ₹5 crore sales have to generate e-invoices
The government has been lowering the threshold for eligible entities for e-invoicing in phases, beginning with entities with more than ₹500 crore revenue in October 2020.
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- 12 May 2023 05:46 PM
- New
HC quashes DGGI’s ₹21k cr tax demand from Gameskraft
NEW DELHI : The Karnataka High Court on Thursday overturned an order by the Directorate General of GST Intelligence (DGGI) imposing a ₹21,000 crore goods and services tax demand on Bengaluru-based Gameskraft, offering relief to online gaming firms.
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- 12 May 2023 05:52 PM
- New
CBIC rolls out Automated Return Scrutiny Module for GST returns
CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers
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- 11 May 2023 05:58 PM
Govt brings down threshold for e-invoicing to ₹5 cr businesses from August 1
Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with a turnover of over ₹500 crore from October 1, 2020.
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- 11 May 2023 06:05 PM
Businesses with more than ₹5 crore sales have to generate e-invoices
The government has been lowering the threshold for eligible entities for e-invoicing in phases, beginning with entities with more than ₹500 crore turnover in October 2020
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- 11 May 2023 06:09 PM
5 New Functioality on GST Portal
Source: https://taxguru.in/goods-and-service-tax/5-new-functioality-gst-portal.html
As announced by the Government, availment of amnesty scheme, between 1st April 2023 and 30th June 2023, has been enabled for taxpayers on the portal. Now taxpayers cancelled Suo moto between 1stJuly, 2017 and 31st December, 2022, would be able to file application for revocation of cancellation of registration, irrespective of the fact whether they have already filed revocation application or not.
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- 10 May 2023 05:15 PM
Unregistered small businesses can register with lenders for priority sector tag
The RBI said the turnover of enterprises exempted from filing returns under the provisions of the Central Goods and Services Tax Act, 2017 shall be the sole criterion to be defined as IMEs for the purpose of UAP
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- 09 May 2023 05:41 PM
E-way bills in Apr continue to be robust despite dip
Data from GSTN, the company that processes Goods and Services Tax (GST) related returns, showed e-way bill generation in April fell by about 7% from March but still remained close to the monthly average seen in the March quarter.
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- 09 May 2023 05:46 PM
What investors should do after the recent stock market rally
In the later part of the eighteenth century, St. Leger Stakes, a popular horse race, was started as the last leg of the popular British Triple Crown. The race would be held at Doncaster Racecourse in South Yorkshire in September of every year. Soon it became a fashion amongst the British elite – aristocrats, investors, and bankers etc. – to liquidate their financial investments; escape from London heat, move to countryside to rejuvenate, and return only in autumn after the St. Leger Stakes race was over. This practice was described as “Sell in May, go away and don't come back till St. Leger's Day."
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- 08 May 2023 06:16 PM
GSTN defers implementation of e-invoice reporting time limit by 3 months
GSTN Saturday said it has deferred the last month circular imposing a timeline for businesses with turnover of ₹100 crore and above to upload e-invoices on the IRP within 7 days of the issue by three months
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