The real extent of which shall only be known once a change occurs.
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Goods & Services Tax (GST) Updates
- Thread starter Sushubh
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The real extent of which shall only be known once a change occurs.
Explained: Tax rate changes decided by the GST Council
In the changes, which are expected to affect consumers at the most basic level, GST exemption has been withdrawn from ‘pre-packaged and labelled’ retail packs, but items sold loose or unlabelled shall continue to remain exempt.
indianexpress.com
Govt plans to make GST e-invoicing must for companies with Rs 5-cr turnover
At present, any firm with Rs 20-crore turnover is mandated to file this
People keep tolerating, they will keep coming..
If you could, please elaborate?
In normal circumstances, you have to upload data of all your invoices and purchases on gst portal on month to month basis. While in e-invoicing, your invoice data is already shared with gst portal in real time! Generating e-invoice is also not hard.
Okay, I see.
Currently I am using a software that first prepares invoices, then when I want to file, uploads the data.
In e-Invoicing system, that 'data' would already be in the system, I would only then need to 'file' it, correct?
I wonder why wouldn't the system automatically consider the GSTR-1 filed then? Or does it?
I will have to look into this.. at this rate they are coming for people like me.. 🙄
Currently I am using a software that first prepares invoices, then when I want to file, uploads the data.
In e-Invoicing system, that 'data' would already be in the system, I would only then need to 'file' it, correct?
I wonder why wouldn't the system automatically consider the GSTR-1 filed then? Or does it?
I will have to look into this.. at this rate they are coming for people like me.. 🙄
Exactly, they can mark it as filed but probably have left it manual as a backup measure. I am not sure on this if we have to file this or not.
Eventually, everyone will be shifted on e-invoicing to increase compliance.
Eventually, everyone will be shifted on e-invoicing to increase compliance.
True that, eventually everyone will be shifted.
Indian taxes on cottage cheese will hit the cottage industry and dairy lovers alike
Paneer and curd-loving Indians and farmers too will be affected by the change in GST laws
www.businessinsider.in
Goods and Services Tax: Faulty by design
Never was so much promised to so many in the name of a tax.
GST Payable On Supply Of Medicines, Consumables Used For Providing Health Care Services To Out-Patients admitted To The Hospital: AAR
The Tamil Nadu Authority of Advance Ruling (AAR) has ruled that the supply of medicines and consumables used in the course of providing health care services to outpatients admitted to the...
www.livelaw.in
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