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.
Which ocean is the largest by area?
Who formed the association in favour of widow remarriage in Madras Presidency?
The statements of estimated receipts and expenditure of the Government of India is presented to the Parliament every year as per ____of the Indian Const...
Which is the largest gland of the body?
In which one of the following cities, Sawai Jai Singh II did not built an observatory?
I was lucky to have __________ the plane crash.
Which one of the following is the longest river in Asia which passes through major part of East Asia?
Who was replaced by Lord Willingdon as viceroy in India just before the second round table conference?
Which of the following Governor General was impeached by British Government?
As per ______, the President shall address both Houses of Parliament assembled together on the commencement of the first parliament session of each year.
