Generate E-invoice in GST: Micro units are currently out of the e-invoice purview. GST E-invoice, Steps to generate E-invoice under GST: The Central Board of Indirect Taxes and Customs (CBIC) under ...

CBIC clarifies that fake invoices without actual supply do not create a taxable supply, but wrongful ITC utilization can trigger recovery under Section 74. The distinction depends on how the ITC is ...

The Story so far: The GST Council of India approved and rolled out the ‘e-invoicing’ or ‘electronic invoicing’ eco-system in a phased manner for reporting of business-to-business (B2B) invoices to GST ...

The e-invoice system was introduced to make the Goods and Services Tax (GST) regime more transparent and technology-driven.

The article explains why buyers should avoid claiming ITC when purchase invoices are missing from GSTR-2B. It outlines the legal position, supplier follow-up process, and practical safeguards to ...

A fake GST bill is generated by scammers to dupe businessmen and customers, even without any actual supply of goods or services or GST payment. It is basically generated for various fraudulent reasons ...

The electronic-invoice (e-invoice) under the Goods and Services Tax (GST) regime that starts from January next year will help banks in expeditious disbursal of loans to micro, small and medium ...

A GST invoice is generated by a supplier or seller of goods and services to the buyer. The document contains purchase information and details of the supplier and buyer. According to a circular issued ...

To start with, businesses above a specified threshold will just get a unique number for every electronic invoice or e-invoice generated. This number can be matched with the invoices reported in the ...

About 35,000 dealers who were given registration in 2018-19 and 2019-20, having annual GST liability of more than Rs 50 lakh. Gaurav Mohan, Richa Jain There are numerous fraud cases involving GST Fake ...