RECENT GST UPDATES Changes in Rule 36(4) The limit for taking input tax credit on eligible invoices the details of which has not been uploaded by supplier has been reduced from 20% to 10% . Now only 10% ITC of uploaded invoices will be allowed for not uploaded invoices. This provision will be applicable […]
GST E Invoices rules notified by CBIC In a big bang change in GST invoicing method Central Board of Indirect Taxes has notified the rules for issuing GST E invoices. To tackle the menace of fake invoices in GST and input tax credit GST e invoices rules notified by CBIC. GST Invoice Format was already […]
CBIC has issues five notifications making changes in CGST Rules , common portal for generating e invoices , persons required to generate e invoices , changes in rule 46 of gst , registered persons who shall mention QR code in invoices mandatory. Download the notifications Here
The most controversial topic in GST in India Is about the GST Credit and Debit notes. Who shall issue credit or debit note and when shall it be issued and time limit for issuing such documents. Before answering all these we have to understand the meaning of Credit and Debit notes.The thumb rule is GST […]