S S R S & CO - Chartered Accountant

GST Update...

GST Update :- As of August 1, 2023, businesses with an annual turnover ranging from 5 crore to 10 crore are eligible for e-invoicing. This means that businesses falling within this turnover range will be required to generate and report their invoices electronically, as per the government's regulations. The move towards e-invoicing is aimed at streamlining the invoicing process, enhancing tax compliance, and reducing the scope for errors and fraud.