Under the previous excise laws, only manufacturing businesses with a turnover exceeding Rs 1.50 crore had to pay excise duty. However, under GST, the turnover limit has been lowered to Rs 20 lakh, thus increasing the tax burden for many manufacturing startups. This change has posed some cha...
However, personal use or employee benefits do not qualify for ITC. Proper GST-compliant invoices and documentation are required to claim ITC, ensuring the supplier’s GSTIN, invoice details, and compliance with GST rules. How Smartphones Dealers Benefit from GST? The implementation of GST and ...
The Part A of the E-way Bill in Form EWB 01 aims to collect the details of the consignment, and associated details, such asGSTINof the recipient, place of delivery, Invoice or Challan number, the value of goods,HSN Code, the reason for transportation and the transport document number –...
After the implementation of GST, in some places, consumers are asked to pay more over MRP saying GST has increased the cost of the products. It is clearly defined in the directives that if the price has increased, the manufacturer has to put an advertisement for the same in at least two ...
GST invoice is issued when a registered taxable person supplies taxable goods or services. Understand the details captured in GST Invoice Formats and what are the rules.
Malaysia CTC e-invoice Reporting: From August 2024, e-invoicing in Malaysia will become mandatory for taxpayers with an annual turnover or revenue of more than RM100 Read more Poland E-Invoicing e-invoicing in Poland: B2B, B2G, KSeF Poland’s e-invoicing requirements are in flux. While ...
The person must also register on the e-way bill portal If the transporter is not registered person under GST, it is mandatory for him to get enrolled on e-waybill portal (https://ewaybillgst.gov.in) before generation of the e-way bill ...
the invoice shall carry an endorsement “SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST” or “SUPPLY MEANT FOR EXPORT UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF IGST”, as the case may be, and shall, in lieu of the deta is specified in clause (e), contain the following details...
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