"The turnover threshold for entities to generate e-invoice for B2B sales is likely to be fixed at Rs 50 crore if the GST Council agrees. With this threshold, big taxpayers who are better placed ...

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 ...

BRIGHTON, England--(BUSINESS WIRE)-- Avalara, Inc. (NYSE:AVLR), a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced the availability of Avalara ...

Ensure smooth financial year closure by reconciling sales, ITC, RCM liabilities, and invoice numbering. Avoid penalties and interest by following this step-by-step GST year-end ...

The significance of SaaS in GST was highlighted in December 2023, when 4,153 bogus firms suspected of ITC evasion totaling approximately INR 12,036 Cr were detected The spirit of digital ...

While the uniformity of SGST laws across states has reduced compliance complexities compared to the VAT regime, challenges remain. (Mint) The goods and services tax (GST), which recently completed ...

GST professionals can face penalties for alleged facilitation of fake invoicing or bogus ITC. A well-drafted engagement letter helps define scope, shift responsibility to the client, and reduce ...