IRIS, being a GSTN authorized IRP, has officially started welcoming users to start generating IRN on einvoice6.gov.in. Recently, GSTN released a new advisory talking about the 7 day e-invoice generation limit. You can read about all the new updates here: GST News. Apart from this, we ...
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Under the GST regime, exports of both goods and services are not taxed. You may request a refund of input tax credits (ITC) for inputs/input services used in exporting goods or services, subject to satisfying the requirements. What is the GST exemption limit for export of services? GST tr...
Recently, GSTN released a new advisory talking about the 7 day e-invoice generation limit. You can read about all the new updates here: GST News. Apart from this, we covered three important articles on Advance Ruling under GST: AAR and Appeal to Appellate Authority for Advance Ruling under...
Businesses whose turnover does not exceed the prescribed threshold limit and those engaged exclusively in exempted goods or services are not required to register for GST. Can I get multiple GST registrations within a state? No, a taxpayer can have only one GST registration per state or union te...
Here, turnover means annual taxable turnover earned through taxable supplies of goods and services by an entity. The threshold limit in Singapore is set at $1 million. The Compulsory Registration can either be on: Retrospective basis; or Prospective basis. Registration of GST on Retrospective ...
Q.14 – Is there a limit for incorporating line items in each e-invoice? Q.15 – Is it mandatory for the supplier to digitally sign the e-invoice again? Q.16 – Is it possible for businesses to mark their firm logo on the e-invoice template? Q.17 – Is there a facility of bulk...
All dealers and traders that sell goods and services online must be registered under the GST law, even if their turnover is less than the prescribed limit for claiming the tax that is deducted by e-commerce operators.Value that GST TCS must be deducted on...
11. Commissioner may extend the time limit for return of inputs and capital sent on job work, upto a period of 1 year and 2 years, respectively. (参考CGST修订Section 143(1)(b) – Job workprocedure) 12. If RBI would permit, Supply of services outside India shall be regarded as export...
If your aggregate turnover in a financial year meets the government-set threshold limit, you must undergo the registration process. This turnover includes: Taxable supplies Exempt supplies Exports Inter-state supplies For services, this includes inward supplies under the reverse charge mechanism If ...