Category
16 articles
Category
16 articles
The e-invoice limit for FY 2026-27 is Rs 5 crore aggregate turnover, tested PAN-wide across every financial year since 2017-18, not just the current one. It has been lowered several times since e-invoicing began, and it is worth understanding both how the current test works and why the direction of travel has consistently been downward.
B2C e-invoicing is not mandatory at the time of writing. A pilot exists for reporting B2C transactions to the government, separate from the B2B IRN system, and it is worth understanding the difference now rather than scrambling if reporting becomes compulsory. Here is the current status and what to have ready.
The 30-day rule does not extend the e-invoicing deadline, it removes it. Report an invoice to the IRP more than 30 days after its date, at Rs 10 crore turnover and above, and the portal simply refuses to generate an IRN for it. Here is who is covered, how the window is counted, and how to build a process that never misses it.
An IRN can be cancelled on the Invoice Registration Portal within 24 hours of generation. Miss that window and the e-invoice stands, correctable only by a credit note or debit note. Here is what starts the clock, what to check before you cancel, and what changes once you can no longer undo it.
An e-way bill's validity is fixed the moment Part B is filled, and it does not pause for a breakdown, a diversion or a delay at a checkpost. Here is the window in which you can extend it, who is allowed to, and what happens if that window closes.
BigShip and Shipkloud pick the courier and print the label, but the e-way bill still starts at your invoice. Here is when it applies, who fills Part A and Part B, and the exact steps for a shipment booked through either platform.
Most ecommerce parcels are under the e-way bill threshold, which is why the one order that crosses it gets missed. Here is when an online seller needs an e-way bill, who generates it when a courier or marketplace moves the goods, and how to raise one from the invoice.
From wrong HSN codes to unclaimed ITC — these 7 billing errors silently drain lakhs from small businesses every year. Most are easy to fix once you know what to look for.
Starting a new business in India? GST compliance can feel overwhelming with registrations, returns, invoices, and reconciliations. This step-by-step checklist covers every GST requirement for new businesses — thresholds, deadlines, penalties, and exactly how to stay compliant from day one.
GSTR-2B auto-matching catches ITC mismatches instantly. One wrong claim and you get a show cause notice under Section 73 or 74. Here are the 5 most common ITC mistakes — and exactly how to avoid each one.
Indian small businesses spend ₹15,000–₹50,000 per year on GST compliance costs alone — accountant fees, software, late penalties, and wrong tax paid. Here are 10 proven ways to cut that bill by 40–60% starting this month.
The financial year closes on March 31. After that, most adjustments to your FY 2025-26 GST returns become either impossible or attract penalties. Here are the 10 critical GST tasks every business must complete before year-end.
E-invoicing is mandatory for businesses with turnover above Rs 5 crore. Every B2B invoice must be registered on the IRP portal. Here is the complete guide to e-invoice rules, process, and compliance.
TDS and TCS under GST are two different deduction mechanisms. TDS is deducted by the buyer. TCS is collected by e-commerce operators. Here is a clear comparison with rates, applicability, and filing requirements.
Every movement of goods worth more than Rs 50,000 needs an e-way bill. This guide covers the rules, exemptions, validity periods, and step-by-step generation process.
Input tax credit lets you reduce your GST liability by claiming the tax you already paid on purchases. Here is the complete guide to ITC rules, eligibility, and the claiming process after GST 2.0.
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