E-invoice Rejections & Resolutions
NIC has published the following error codes, error message, the reasons for the errors and the corresponding resolutions to help you resolve errors faced during e-Invoice upload to the NIC portal.
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Guidelines for e-Invoice with TallyPrime 3.0
Register TallyPrime for Tally GSP Service only in case your business need E-invoice or not registered E-way bill Online Service in TallyPrime.
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Critical Challenges for Chartered Accountants related to the new e-Invoicing System
In the recent update, from 1st August 2023, e-Invoicing will be essential for all the registered persons whose aggregate turnover in any prior fiscal year from 2017-18 onwards exceeds 5 crores.
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What are GSTR-2B and GSTR-2A statements?
GSTR-2A is a statement of inward supplies for the taxpayer. GSTR-2B is also an auto-populated ITC statement, similar to GSTR 2A...
Read MoreGSTR-2A and GSTR-2B reconciliation in TallyPrime
GST reconciliation in TallyPrime is so simple that by just uploading the GSTR2B/2A statements, the books’ data will be automatically reconciled with the statement
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Sale of small plots of land with development work is not taxable under GST.
The AAAR, Karnataka, in the matter of M/s. Ms. Rabia Khanum [KAR/AAAR /02/2023 dated February 14, 2023] has upheld the advance ruling passed by AAR, Karnataka and held that the amounts received by the
Read MoreRule 89(4)(c) is ‘ultra-vires’ to the provisions of GST law and held ‘unconstitutional’
The Hon’ble Karnataka High Court in M/s. Tonbo Imaging India Pvt Ltd v. Union of India [W.P.C No. 13185 of 2020] (T-RES) dated February 16, 2023] has held that, Rule 89 (4)(c) of the Central Goods and
Read MoreMinor discrepancy in the e-way bill would not attract penalty proceedings
The Hon’ble Allahabad High Court in M/s. Varun Beverages Limited. v. State of U.P. and Ors. [Writ Tax No. - 958 of 2019 dated February 2, 2023] has set aside the order imposing the penalty upon the...
Read MoreNo Service Tax can be levied on take-away/parcel food from restaurants
The CESTAT, New Delhi in Haldiram Marketing Pvt. Ltd. v. Commissioner, Central Goods and Service Tax [Service Tax Appeal No. 51555 of 2022 dated February 13, 2023] has set aside the demand order......
Read More18% GST Leviable on Works Contract Services to Indian Railways; 12% on Works Contract Services Involving Predominantly Earthwork
The AAR, Karnataka in the matter of M/s S.K. Swami & Company [Advance Ruling No. KAR ADRG 05/2023 dated January 23, 2023] has ruled the rate of Goods and Services Tax (“GST”) @ 18% is exigible on work
Read MoreGST authorities lacks jurisdiction to examine correctness of credit transitioned from erstwhile tax regime
The Hon’ble High Court, Jharkhand (“the High Court”) in the case of M/s. Usha Martin Ltd. v. Additional Commissioner & Ors. (W.P.(T) No. 3055 of 2022) dated November 10, 2022, quashed the proceedings
Read MoreBombay HC orders restoration of GST registration cancelled u/s 29(1) of the CGST Act
The Hon’ble Bombay High Court (“the High Court”) in the case of M/s. Euro Pratik Sales Corporation [W.P No.3380 OF 2022 dated November 17,2022] allowed Petitioner to submit a physical application for
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E-invoice Rejections & Resolutions
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