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Nikesh Sheth Nikesh Sheth, Independent professional

1 year ago


As we all know e- invoicing has been made compulsory for assesses whose aggregate turnover is above 500 crores w.e.f 1st Oct, 2020.

Now an important reconciliation which the recipient has to make  is as per section 47(4) of CST Act, it is the duty of the recipient to check that those suppliers on whom e- invoicing is compulsory, they need to make sure that the e-invoice is received from these suppliers with unique IRN (Invoice Reference No).  This would be required as otherwise they would not be allowed to avail ITC on such purchases from such suppliers and would be considered invalid.

So, the recipient needs to reconcile parties who are required to issue e- invoice and those who are not required to issue e-invoice

This work has been entrusted by the Government as a  cross check till integration of all portals like GST portal, e-invoice portal takes place smoothly


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