GST Invoices Upload: A new update has come regarding GST (GST News) for big business companies.
From November 1, companies with large businesses will have to upload receipts related to Goods and Services Tax (GST) on the portal within 30 days. This provision will be applicable to companies with turnover of Rs 100 crore or more.
NIC gave information
The National Informatics Center (NIC), which operates the GST e-receipt portal, has informed about this decision of the GST Authority in an advisory. According to this, the authority has asked to upload the receipt on the portal within 30 days from the date of issue.
The rule will be applicable from November 1.
This deadline will be applicable to taxpayers with annual turnover of Rs 100 crore or more. This system will come into effect from November 1, 2023.
CBIC can implement it on all traders
Rajat Mohan, senior partner, AMRG & Associates, said that in case of smooth implementation of this system, the Central Board of Indirect Taxes and Customs (CBIC) can implement it for all GST taxpayers in future. Could.
Mera Bill, Mera Adhikar scheme started from 1st September:
Let us tell you that the Mera Bill, Mera Adhikar scheme has been started by the Central Government from 1st September. Under this scheme, the government will select 800 people every month. These will be those 800 people who will upload their GST bill online every month. These 800 people will be given a reward of Rs 10,000.
At the same time, 10 such people will be selected, to whom the government will give an amount of up to Rs 10 lakh. Under the scheme, a bumper prize of Rs 1 crore will be drawn on quarterly basis. This reward will be given to two people.
