Don’t Mess With Taxes

  One of the greatest and most prominent modifications to the GST in 2020 has been the introduction of einvoice . The integrated approach to e-invoicing was favourably appreciated by all taxpayers notwithstanding the use of proprietary invoicing systems. What is E-invoicing? E-invoicing under GST  is a system in which normal B2B invoices are electronically authenticated by GSTN before being used on the central GST system. Through the Invoice Registration Portal (IRP) or  e invoice portal of the GST Network (GSTN), a unique number or identification (IRN) number is issued for each such receipt. This process is also known as E-invoicing or e-invoice under GST. Reason behind the implementation of GST e invoice system. The main reason behind the implementation of the e invoice system is to increase businessmen's or companies' level of transparency. The extent of tax evasion can be reduced if the government receives online and instantaneous information about all of the transac...

  One of the greatest and most prominent modifications to the GST in 2020 has been the introduction of einvoice . The integrated approach to e-invoicing was favourably appreciated by all taxpayers notwithstanding the use of proprietary invoicing systems. What is E-invoicing? e invoicing under GST   is a system in which normal B2B invoices are electronically authenticated by GSTN before being used on the central GST system. Through the Invoice Registration Portal (IRP) or e invoice portal of the GST Network (GSTN), a unique number or identification (IRN) number is issued for each such receipt. This process is also known as E-invoicing or e-invoice under GST. The reason behind the implementation of gst e invoice system. The main reason behind the implementation of the e invoice system is to increase businessmen's or companies' level of transparency. The extent of tax evasion can be reduced if the government receives online and instantaneous information about all of the transac...