Easy Invoicing with the right Billing Software
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eInvoicing was announced by the GST council on Jun 21, 2019 in their 35th GST council meeting. This new process of eInvoicing was applicable only to businesses with B2B invoices of more than ? 50 crores, and to be implemented from Jan 01, 2020.
Goods and Services Tax Network Team has modified the GSTR-3B PDF by adding 3 more details, when the PDF is either previewed or downloaded. The three details included are as follows: 1. ARN details 2. Authorised signatory details 3. Breakup for the ITC eligible.
The GST Council has made GST e-invoicing mandatory from 1st April 2020 and reporting of business to business (B2B) invoices to GST System is mandatory. Invoicing is one of your core process and e-invoice services from enComply would enable seamless generation of e-invoices. Visit: https://encomply.com/Insights/Key-Updates-on-E-Invoicing #eInvoicing #eInvoicingSolution #eInvoicingGST #eInvoicingAPI
Under GST regime, businesses are seeing a large number of changes and are adapting to the new GST Invoice format and rules. GST will eliminate taxes on inter-state movement and instead taxes will be applicable based on destination and will be reported on each transaction. This brings us to the most important point where all the GST registered buisnesses have to issue the right format of GST invoice. Read More: https://ugstbilling.udyogsoftware.com/easy-invoicing-with-the-right-billing-software/