B2C e-invoicing refers to the electronic invoicing mandate under GST for specific taxpayers who provide taxable goods and services directly to end consumers and issue tax invoices.
NIC has introduced a 2-Factor Authentication (2FA) feature for all the taxpayers with an Aggregate Turnover (ATTO) of Rs. 20 Crores and above in India from 1st November 2023 onwards.
The validations are categorized in 4 major buckets for better understanding. Here are the rules for e-invoicing that you must take care in order to avoid errors. Read more...
Many of the basic GST complexities that an account manager must deal with include e-invoicing and the creation of invoice reference numbers (IRN)/ E-invoice Generation
Aspects like handling Freight, TCS, and Discounts in E-invoicing can be a concern for many. Especially now, that the e-invoicing turnover limit has been reduced to small businesses.
The government has further reduced the e-invoicing turnover limit for companies to Rs. 10 Cr. from October 1, 2022 as per GST notification 17/2022. Read the article to know more…
Fake Invoices under GST: Here, in this article, we will discuss how to deal with fake invoices and what actions to take after a fake invoice has been identified.