Because e-invoice standards are continually changing, it is critical for businesses to remain up to speed on the most recent modifications. The obligation for businesses to prepare and submit electronic invoices (e-invoices) for all taxable supplies is a significant aspect of the GST. E-invoices are created and delivered via a centralized gateway known as the e-invoice portal. Noncompliance with the e-invoice standards has resulted in penalties enforced by the government. These sanctions can be severe, with serious consequences for corporations.
Source: tallysolutions.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
