Page 2 - Gst Invoices

GST: 6-digit HSN code must in invoices for biz with over Rs 5 cr turnover

In trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature). It helps in systematic classification of goods across the globe

Limited e-invoicing window a worry for small and medium companies

The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses with Rs 100 crore or more on January 1

Fake invoicing: 12 arrested including a CA in a single day, 329 since Nov

Goods and Services Tax (GST) authorities have been using data analytics, data sharing and artificial intelligence tools to unearth the ITC utilisation frauds via fake invoicing and bogus firms

Expect high GST collections to continue in Feb, say FinMin sources

Sources say the GST authorities have been using deep data analytics, integrated data-sharing to unearth input tax credit utilisation frauds via fake invoicing and bogus firms

60.3 million GST e-invoices were generated in December 2020

As many as 60.3 million GST e-invoices were generated in December 2020, higher than 58.9 million in November

Fake GST invoice racket worth Rs 510 cr busted in Cuttack, kingpin held

Odisha Goods and Services Tax (GST) Commissionerate busted tax invoice fraud to the tune of Rs 510 crore and arrested its mastermind, Sandeep Mohanty in Cuttack, an official said on Friday

RoDTEP rates not decided, MEIS for exports may continue till end-March 2021

Any registered user under GST who wishes to generate IRN needs to register on e-invoice system using his GSTIN

GST invoice fraud: 132 arrested, 163,000 registrations cancelled

In its drive to check fake firms GST field formations have cancelled 163,042 registrations in the month of October and November this year due to non-filing of GSTR-3B returns for more than six months

E-invoicing under GST pick up speed, posts 17% growth in November

Daily invoice generation has now improved to 2.5-2.7 million per day compared to an average of 1.5 million a day in October.

At least 104 arrested in 3 weeks in fake GST invoice fraud: DGGI

On Friday, the authorities arrested 8 more fraudsters, booked 65 cases and unearthed 114 fake GSTIN entities

CBIC tightens noose on those issuing fake GST invoices without Aadhaar

Those who have been given registration without Aadhaar authentication would be taken as deemed registration.

Curbing GST evasion: E-invoicing has a long way to go, say experts

The Centre will extend it to companies with at least a Rs 100-crore turnover in January and for all companies in April next year for B2B transactions.

Fake invoice issue: GST Council law panel urges Aadhaar-like registration

Wants physical verification if applicants opt for non-aadhaar process. Committee met in the wake of rising number of fake invoices under GST system

GST e-invoices jump threefold within a month of launch, shows data

About 18,111 GST identification numbers (GSTINs) used e-invoicing as of Thursday, compared with 8,000 on the first day.

GST officials arrest 1 person for trading in fake invoice, generating ITC worth Rs 52.19 cr

GST officials have busted a fake invoice trading racket and arrested a person for passing on input tax credit (ITC) of over Rs 50 crore, a source said on Sunday.

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