[ad_1] The sharing of incriminating information with GSTN will enable the authority to limit the activities of suspicious businesses. (Image: News18) Offenses related to GST such as fake invoices and fraudulent input tax credits will now be covered under PMLA The Centre on Saturday issued a notification to bring the Goods and Services Tax Network … Read more
[ad_1] New Delhi: GSTN has deferred by 3 months the implementation of time limit for businesses with turnover of over Rs 100 crore to upload their old e-invoices. Last month the GST Network had imposed a timeline for businesses with turnover of Rs 100 crore and above for uploading e-invoices on the Invoice Registration Portal … Read more
[ad_1] Apprehensions were mounting due to additional entries posted due to year-end charges originating from auditor recommendations and annual reconciliations. As per GST law, businesses cannot avail input tax credit (ITC) if invoices are not uploaded on the IRP. GSTN has deferred by 3 months the implementation of time limit for businesses with turnover … Read more
[ad_1] New Delhi: Businesses with turnover of Rs 100 crore and above will have to upload their electronic invoices on IRP within 7 days of the issue of such invoice with effect from May 1, GST Network has said. Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date, irrespective … Read more