Traders with an annual turnover above ₹5 crore must prepare e-invoices from August 1 this year for business-to-business transactions, the State Goods and Services Tax department said. The decision is applicable to traders who have reported annual turnover above ₹5 crore in any of the fiscals from 2017-18 onwards. They will have to prepare e-invoices for taxable goods and services and also for credit/debit notes issued by them.
Source a2ztaxcorp
Latest Posts in "India"
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
- India Reduces GST on Solar and Wind Equipment to 5%, Cutting Renewable Energy Project Costs
- India Unveils Next-Gen GST: Simplified Tax Structure, Lower Rates, Boosts Business and Affordability
- Piyush Goyal Urges Industries to Pass GST Benefits to Consumers for Economic Growth
