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Mastering the Art of Invoicing: The Heartbeat of Financial Transactions

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Introduction:In the intricate dance of business transactions, the rhythm is set by a crucial component—Invoicing. Beyond a mere financial formality, accurate and timely invoicing serves as the heartbeat of your financial health. Let’s delve into the importance of mastering the art of invoicing for a seamless and thriving business. The Significance of Accurate Invoicing:Invoicing is …

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Over 100,000 small and mid-sized firms flout GST e-invoicing rules

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In the dynamic landscape of India’s Goods and Services Tax (GST) regime, a recent article highlights a significant issue—over 100,000 small and medium-sized businesses are currently non-compliant with e-invoicing norms. This mandatory requirement under GST, applicable to businesses with an annual turnover exceeding Rs 5 crore, aims to streamline invoicing processes and enhance transparency in …

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Advisory for Online Compliance Pertaining to ITC mismatch -GST DRC-01C

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GSTN has released a new advisory. Please read the details below : Discrepancy between the Input Tax Credit (ITC) in GSTR-2B and the ITC claimed in GSTR-3B. 1. GSTN has introduced an automated feature in Form GST DRC-01C on the GST portal. This allows taxpayers to clarify variations between Input tax credit in GSTR-2B statement …

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https://www.gst.gov.in/newsandupdates/read/611

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Gujarat and Puducherry

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GSTN has released a new advisory. Pl read the details below.. Dear Valued Taxpayers, We’ve got some exciting updates on the GST registration process that we’d like to share with you. As you embark on your GST journey, here are some crucial points to bear in mind: Thank you for being an integral part of …

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Gujarat and Puducherry Read More »

Categorization and Registration Requirements for Providers of Online Money Gaming Services and OIDAR, including Form GST REG-10 and Form GSTR-5A

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GSTN has released a new advisory. Pl read the details below. In accordance with recent amendments to the CGST/SGST Act, IGST Act, and CGST/SGST Rules, any entity located outside the taxable territory, providing online money gaming services to individuals within the taxable territory, is now obligated to register under GST and fulfill the associated tax …

Categorization and Registration Requirements for Providers of Online Money Gaming Services and OIDAR, including Form GST REG-10 and Form GSTR-5A Read More »

What is Phase 2 of e-Invoicing in KSA?

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This phase signifies a significant step towards a more modern and efficient tax system, enhancing transparency and efficiency for taxpayers and the ZATCA alike. Through the integration of technology and proactive communication, the tax landscape is set to evolve for the benefit of all stakeholders involved. Let’s break down the information into key points

What is e-invoicing in Saudi Arabia?

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Fatoorah: A guide to e-invoicing in KSA Fatoorah is the Arabic word for invoice, and in Saudi Arabia, it is widely used to refer to e-invoicing. E-invoicing is a process of issuing and exchanging invoices electronically, using a structured electronic format. This process has a number of benefits over traditional paper-based invoicing, including: In KSA, …

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Saudi Arabia’s E-Invoicing Revolution: A Wave of Digital Transformation

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In a groundbreaking move towards modernizing its tax system and embracing digital transformation, Saudi Arabia has announced a series of waves that will revolutionize the way businesses manage their invoices. These waves, part of Phase 2 of the country’s e-invoicing initiative, are set to roll out gradually, impacting businesses of various sizes over the next …

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