Version 1.1 of E-Invoicing Schema released: There are not substantial changes in the new E-Invoicing schema. It has major changes to improve the syntax, parameter definitions and specifications.  In most of the cases, descriptions (label) and explanatory remarks are reworked. Following are the changes in the new E-Invoicing schema:

Form PMT-06 is a GST challan or a form for deposit of goods and services tax. This Challan has gained significance after the introduction of the QRMP Scheme. It can be generated for any payment made via net banking or OTC (over the counter).

What is GST Amnesty Scheme? The word ‘Amnesty’ means – grant an official pardon to. In the 43rd GST Council Meeting, the finance ministry brought out the GST Amnesty Scheme to provide relief to taxpayers regarding late fees for pending returns. It basically reduces the tax burden off taxpayers during the pandemic. This scheme is valid from June 1, 2021 to August 31, 2021.

In this issue, we’ll be covering Latest GST Updates and Latest EWB Updates that you need to be aware of! And, we share a detailed article about Auto-population of GSTR 3B. Here, we also cover all the updates of our GST products witnessed throughout 2020. Lastly, we share the link to our compliance calendar for January 2021 to help you stay compliant along with two other interesting...

In this issue, we’ll be covering Latest GST Updates and Latest EWB Updates that you need to be aware of! And, we share a detailed article about Auto-population of GSTR 3B. Here, we also cover all the updates of our GST products witnessed throughout 2020. Lastly, we share the link to our compliance calendar for January 2021 to help you stay compliant along with two other interesting...

GST Updates for the month A lot of new notifications and updates on the GST front have been released this month. Since this is the last quarter of the year 2020 and e-invoicing will be made mandatory for taxpayers with an aggregate turnover of over Rs. 100 Cr. from Jan 2021, a lot more changes are expected soon. Here, we have compiled all the big GST News updates from November for your...

GST Updates for the month A lot of new notifications and updates on the GST front have been released this month. Since this is the last quarter of the year 2020 and e-invoicing will be made mandatory for taxpayers with an aggregate turnover of over Rs. 100 Cr. from Jan 2021, a lot more changes are expected soon. Here, we have compiled all the big GST News updates from November for your...

In this issue in GST News June 2020, we’ll be covering the highlights of the 40thth GST Council, 5 Key Areas You Need to Plan for an Effective E-Invoicing Implementation + Few other interesting articles & updates Feature Highlight of the month, Peridot 3.2 and we also introduce ourUnified Solution.

GST Rule changes from April 2021 GST is a dynamic law. It has gone through several changes, alterations, and additions ever since its inception. It is a transformational change in the area of indirect taxation which has an overarching impact on the economy and all the businesses, irrespective of their size, turnover and operations. We as taxpayers, business owners, and tax consultants must be...

GST Rule changes from April 2021 GST is a dynamic law. It has gone through several changes, alterations, and additions ever since its inception. It is a transformational change in the area of indirect taxation which has an overarching impact on the economy and all the businesses, irrespective of their size, turnover and operations. We as taxpayers, business owners, and tax consultants must be...