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GST-registered businesses with annual turnover of more than Rs 5 crore will soon have to generate electronic invoices for B2B transactions. The GST Council, comprising finance ministers of the Centre and states, had decided to implement it in a phased manner and with e-invoices being generated, for every B2B (Business-to-Business) transaction, invoice matching by tax authorities would not be required under Goods and Services Tax (GST). Currently, businesses with turnover of over Rs 20 crore will have to generate e-invoices for B2B transactions. GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage, destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise duty, service taxes, etc.
Recently Rs 300 Crore Angul-Balram Rail-link Inaugurated to enable the daily________ Despatch.
According to the data provided by the Reserve Bank of India, bank loans to the services sector grew to _____ in April-December 2022 .
What was the focus of the Defence Acquisition Council's (DAC) latest approval worth ₹21,772 crore?
Which organization signed an MoU with CIM&H, Chennai to advance Indian Medicine and Homoeopathy?
As of August 2024, what percentage of PMJDY accounts are held by women?
Who will be receiving the Satyajit Ray Lifetime Achievement Award at the closing ceremony of the 54th International Film Festival of India (IFFI)?
Cauvery South Wildlife Sanctuary is in which of the following states?
Which of the following is NOT included in the PM-Vidyalaxmi scheme's eligibility criteria for students?
_____________ was India’s top trading partner in the calendar year 2021 with a trade of $112.3 billion.
Who is the pioneering Indian inducted as a governing board member of the International Table Tennis Federation (ITTF) Foundation?
