GST: Buyers will not be able to claim input tax credit (ITC) if specified sellers or suppliers do not upload the e-invoice ...

With the government validation, the Input Tax Credit (ITC) on such invoices or debit notes qualify as a genuine one for the corresponding buyer. Recent development in e-Invoicing.

In case they accept the invoices without e-invoice compliance from such suppliers then their input tax credit would be denied resulting in GST loss for them to the extent of 18 per cent generally ...

GST e-invoicing mandatory from October 1: Consequences of non-compliance If an invoice is not registered on the IRP, then such an invoice would not be treated as a valid tax invoice for all GST ...

Further, MSMEs can cancel e-invoices or issue e-credit notes and e-debit notes from the platform itself instead of visiting the GST website for any invoice management tasks, CaptainBiz said.

GST Network (GSTN) has enabled e-invoicing for taxpayers with Annual Aggregate Turnover (AATO) between ₹5 crore to ₹10 crore. This will help assesses to get ready for new system in advance ...

GST invoice verification: New advisory by GSTN in respect of availability of five official apps for e-invoice verification. Experts say that these apps solve a lot of problems like faster ...

A negative invoice or credit note is a form letter sent from a business/seller to a product buyer. According to BusinessDictionary.com, a credit note states that the business is crediting a ...

A debit note is separate from an invoice and informs a buyer of outstanding debts. It can also be created by a buyer when returning goods purchased on credit.