Threshold limit for e-invoices reduced to Rs. 5 crore. From August 1, 2023, it will be mandatory for all businesses with a turnover of Rs. 5 crore or more to generate and upload e-invoices for all their B2B transactions. This is a reduction from the current threshold of Rs. 10 crore...
As the government is lowering the threshold, you can read our article – why small businesses should look forward to e-invoicing. Also, the GSTN first announced and then postponed the 7-day invoice generation limit rule. However, you can read: How 7-day e-invoice generation limit will Impa...
No doubt, the 28th GST council meeting had introduced numerous measures in respect of GST return filing procedure for boosting of MSMEs in India such as: Raising of Threshold limit for GSTR-1 from ₹ 1.5 crores to ₹ 5 crores. The simplified model of t Read More 01 ...
The requirement for GST Registration in Singapore is mandated by the turnover threshold set by the authorities. 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 ...
3. The threshold limit of Turnover for exemption from registration in the States of Assam, Arunachal Pradesh, Himachal Pradesh, Meghalaya, Sikkim and Uttarakhandshall be increased toRs. Twenty Lakh from Rs. Ten Lakh.(参考CGST修订Section 22 Explanation (iii) – Persons liable for registration) ...
No doubt, the 28th GST council meeting had introduced numerous measures in respect of GST return filing procedure for boosting of MSMEs in India such as: Raising of Threshold limit for GSTR-1 from ₹ 1.5 crores to ₹ 5 crores. The simplified model of t Read More 01 ...
Sl. No. Type of GST Notice Description How to Respond Time Limit 1 GSTR-3A (Default Notice) For taxpayers who haven’t filed GST returns File missing returns with penalty and interest (if applicable) 15 days of receiving notice 2 CMP-05 (Show Cause Notice for Composition Dealer) Questions...
01 June 2021: GST Notification 24/2021 –Relaxations under section 168A of the CGST Act: Time limit for completion of various actions, by any authority or by any person, under the GST Act, which falls during the period from 15th April, 2021 to 29th June, 2021, to be extended upto 30th...
the government will set a threshold limit for them. An official said that the businesses that will fall under a certain threshold will be given a unique number whenever an e-invoice will be generated. The businesses can match this number with the invoices which are written in the sales ...
Q.9 – Is there any time limit to file Form GSTR 9C? Q.10 – Could the late fee be waived off in Genuine and special cases? Q.11 – Is Audit, mentioned under Section 35(5), be applicable to the Non-Filers or unregistered Persons who are liable to get registered? Q.12 – Menti...