According to the new system of e-invoicing, taxpayers will continue to issue invoices on their own accounting and ERP systems. These invoices will need to follow the prescribed schema issued by the ...

As many as 69.5 lakh invoice reference numbers (IRNs) were generated in the first week of implementation of the GST e-invoicing system. On the seventh day of the implementation of the system, 13.69 ...

"B2C is the second chapter. In B2B, we see lot of fake invoices, which is a challenge to increase the GST collection," he added. The Goods and Service Tax Network (GSTN) recently released a detailed ...

https://www.thehindubusinessline.com/economy/e-invoicing-scheme-begins-on-an-encouraging-note-with-52-lakhs-irns-being-generated-in-first-6-days/article32802662.ece ...

Businesses will have 30 days' time to generate e-invoice for B2B transactions for the month of October, the CBIC said on Wednesday. Under the Goods and Services Tax (GST) law, companies with turnover ...

Optionally implemented from the 1st of January this year, e-invoicing is a new system wherein tax invoices will be electronically validated before being sent to the buyer. The issue of e-invoices is ...

In February, the government released a notification on extending e-invoicing to small businesses that have a turnover exceeding Rs.20 crore in any preceding financial year from FY 2017-18. The new ...

October 1 onwards businesses with a turnover above Rs 500 crore will start ‘e-invoicing’ their B2B supplies and exports. But what is an e-invoice? Currently, businesses use one or the other ERP ...

E-invoicing is a new reform which entails the generation of invoices in an electronic format, which facilitates machine readability across ERP and tax systems. There are several validations that the ...