Tax Guru3d
Tax Invoice Requirements Under Section 31 of CGST Act & GST Rule 46
A Tax Invoice is a legal document issued by a registered supplier under GST. Rule 46 of the CGST and SGST Rules lays down the key details that must be included in a Tax Invoice excluding these special ...
Big Brother watching: Optional GST invoice reconciliation to be made mandatory
India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.
Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayers
The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...
Tax Guru6d
Credit Note is not for correction of mistake/error in invoicing under GST
Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...