Reading Time: 2 minutes As per Notification No. 10/2023 – Central Tax, issued by CBIC on May 10, 2023, businesses with an annual aggregate turnover surpassing ₹5 crores in any financial year from 2017-18 onwards will be required to generate e-invoices starting August 2023. This measure has been introduced to curb revenue leakages and ensure better tax compliance. Impacts/challenges… Continue reading e-Invoicing threshold to be reduced to ₹5 crores from 1st August 2023

Reading Time: 3 minutes We are pleased to share the summary of the GST notifications issued by the CBIC on 5th July to bring into effect the recommendations of the GST Council for exemptions in compliances, extension of due dates, and notifying certain provisions of the Finance Act 2022 along with the amendments in the CGST Rules. The notifications… Continue reading Summary of the Notifications giving effect to the recommendations of the GST Council