E-invoicing under GST – Meaning, Applicability, Process, and More
When the GST law was introduced back in 2017, there were many loopholes that the taxpayers took advantage of. As issues like fake invoicing, tax leakage, ITC frauds came to light, the GST council made necessary changes to the law and introduced e-way bills. This made it necessary for every registered person to generate an […]
E-Invoicing Registration – How to Register for E-Invoicing
E-Invoicing or Electronic Invoicing is an electronic mechanism where B2B invoices are authenticated by GSTN. Under this system, a registered person generates an invoice on his accounting software and uploads it on the Invoice Registration Portal. Then IRP issues an Invoice Reference Number and QR code against that invoice. After the issuance of IRN and QR […]
E-invoices must for businesses with over Rs 10 crore turnover a year
In India, there is a greater focus on encouraging a stronger culture of entrepreneurship and innovation. As a way towards that, the Indian government has taken a series of steps in the last few years, mainly in making business tax compliance less complicated by introducing comprehensive indirect tax system. Similarly, in the 35th GST council […]
E-invoice Bulk Generation
eAuditor’s GST E-Invoicing Software registration
GST E-Invoicing is applicable to every registered person whose aggregate turnover in any financial year, from 2017-18 to 2021-22, exceeds Rs. 10 crore. Generation of e-invoice has become mandatory in a phased manner in line with turnover thresholds. So, for your business to work seamlessly, eAuditor simplified the process of E-invoicing with a clear and […]
GST E-Invoicing API
What is an e-invoicing API? API means Application Programming Interface. APIs for GST e-invoicing work as integration between taxpayers or GSP and the e-Invoicing system to facilitate sharing of data between the taxpayers or GSP and the IRP portal. Persons Eligible for use of API As per Notification No. 17/2022 on 01st August 2022, the e-Invoicing […]
ADVANTAGES OF PRIVATE LIMITED COMPANY
Introduction: Are you someone who wants to register your business in the form of a company? Then you must have decided in which category you want to register your company. There are many types of companies that are in existence in India, and every type of company has different features, requirements, advantages, disadvantages, and the […]
GST – Know About Advantages & Disadvantages Of Goods And Services Tax
GST, which is short for Goods and Services Tax, is an indirect tax that is leviable on the supply of goods and services. The GST law came into force on 1st July 2017. Earlier to the introduction of GST, there were multiple indirect taxes that were imposed by the government. After the proclamation of GST […]
Complete Guide on E-filing of income Tax Return
An income tax return is a document that a taxpayer files to report all his or her earnings. This document contains information related to the taxpayer’s income during the previous year. It enables a taxpayer to declare his income, expense, deductions, tax, etc. A taxpayer can record his or her total earnings, deductions, and tax […]
15 Reasons Why Your GST Registration Can Be Suspended
Introduction Goods and Services Tax Laws in India are new and are subject to various compliances and amendments. It becomes necessary to keep up with the legal requirements and compliances related to GST to avoid situations that might lead to suspension of the GST registration of a registered user. What are the reasons for suspension […]