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E-invoice Mandatory For Turnover 5 Cr – New Changes Impact Your Business

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Soon, companies will have to provide e-Invoices if their yearly revenue exceeds 10 crore rupees and 5 crore rupees, respectively.

In addition, companies with annual revenue of more than 20 crore rupees are required to use e-Invoices.

During the five-year GST celebration on July 1, taxpayers again brought attention to the problem. Vivek Johri, the chairman of the Central Board of Indirect Taxes and Customs (CBIC), responded by saying, “One of the presenters mentioned decreasing the barrier for e-invoices to 5 crores, that is the decision already been made, and it is about to be implemented.”

According to Revenue Secretary Tarun Bajaj, E-invoicing reportedly began with companies with a ₹ 500 cr yearly revenue and was then scaled back to ₹ 100 and ₹ 20 cr. The current strategy is to reduce it first to 10 crores and eventually to 5 crores.

“A timeline for lowering the threshold to 10 crores is set out, but before that, we want the IT system to be stable. In addition, we need to ensure that our IT system is effective since there will likely be an increase in valuations between 10 and 20 crores. In an interview with BusinessLine, he stated that GSTN was putting the plan together and that it should be ready in the next three to four months.

According to MS Mani, Partner, Deloitte India, the number of organisations in the range of Rs 5 crore to Rs 20 crore would be pretty significant; hence reducing the barrier for e-invoicing will also significantly increase the number of GST registrants. According to Mani, one of the declared goals of the GST is to increase the base of taxpayers.

Advantages of GST E-Invoice for Government and Businesses

  • E-invoicing allows suppliers to track bills in real-time. And this accelerates the availability of input tax credits (ITC).
  • E-invoicing simplifies generating the e-way bill because the taxpayer only needs to update data. The data in Part-A of the e-way bill will be auto-generated from the GST portal.
  • e-Invoices are created in a standard format; another may read an invoice issued by one programme. And This facilitates interoperability.
  • The invoice will be uploaded on the GST site as part of the e-invoicing system, allowing for multifunction reporting. Once validated, all invoices will be transmitted in real-time to the GST site and e-way bill portal.

Ramaswamy added, “Despite the advantages of e-invoicing, companies with a turnover of at least Rs 20 crore have recently begun adapting to the system. GST e-invoicing necessitates financial investment in technology and considerable staff education and awareness-raising.

Small and medium-sized enterprises (SMEs) with a revenue of less than Rs 5 crore might not be digitally aware or have the skilled staff needed to accomplish this shift smoothly. Therefore, the Government could oppose this decision because not all of them would be able to use GST e-invoicing immediately.”

“It could be more practical to introduce this gradually, starting with sales exceeding Rs 10 crore and moving up to Rs 5 crore later. The period given to firms to adopt GST e-invoicing should be extended if the Government is eager to cut the limit immediately to Rs 5 crore to facilitate a seamless transition, “He said.

Get the best e-Invoicing Solutions from GSTHero

GSTHero makes complex GST government portals easy for users across India. GSTHero offers online GST Return filing, GSTR 2A/2B Reconciliation Software, e-Invoice Software, and an e-Way Bill Automation Software.

  • We provide 1-click e-invoice generation from ERP.
  • GSTR Filing and E-Way Billing through 100% Automated software.
  • We save data for years because the government portal only keeps it for 48 hours.
  • GSTHero offers 24-hour help for customers’ queries.

If you need best e-invoicing software – connector for your existing accounting software like Tally/SAP or any other ERP, you can contact us at gsthero.com

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Global technology with experts from Mumbai, now available at Mira IVF, Indore

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The experts from Lilawati Hospital and Research Centre, Mumbai, the epicentre of modern medicine in all the areas of medical sciences, has been bought to you here at Mira IVF in the central location of Indore. With these experts available at Mira IVF, Indore, every month, we have made global sciences available to you.

“Mira IVF has excellent and top-notch technology with the best sperm selection and superior fertilisation procedures for success through IVF. The high success rate and happy stories shared by the moms and dads are simply a response to the high-quality facilities provided,” said Dr Saima Qureshi, Managing Director, Mira IVF.

Dr Shailendra Mahimkar from Bloom IVF, Lilawati Hospital, Mumbai, made his first visit to Mira IVF and talked about its excellent establishments, well-trained experts and astounding pregnancy rates, providing a perfect solution for infertility. Good news for our readers suffering from infertility, Dr Mahimkar would be available with his expertise from Mumbai to bring the cutting-edge treatment at Mira IVF, Indore.

“Our patients are our top priority at Mira IVF, which is why we focus on what is the best for you. We have all the modern IVF technologies in our lab to facilitate our promise. We try to engage the best of the minds at your service,” Dr Saima Qureshi rightly says.

Dr Sudesh Kamat, the nation’s senior-most specialist embryologist and a part of the nation’s first ICSI baby, brings his expertise directly from Lilawati Hospital to Indore. With him comes hope for everyone trying to feel the bliss of parenthood for long.

“Mira IVF is fortunate to cater to the needs of our patients with nothing but the best. With this, we bring some of the most exclusive minds to Indore’s bay, and with their presence, every cloud has a silver lining, and so does Indore, Globally,” says Dr Samir H. Khan.

This is not only a hope for the future parents but also for Indore, which is now catering to some of the city’s best minds. Mira IVF offers exceptional services and solutions to infertility. From IVF, ICSI and Surrogacy to Semen and Egg freezing. Everyone has hope with the facilities, right minds, and cutting-edge laboratories.

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Farari Cab is now available in Shahjahanpur and Village also. Himanshu Taxi Bala

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farari cab

Now the residents of Shahjahanpur will get the pleasure of a luxury car almost as much as an auto.

You must have heard or even used the name of big cab ie taxi companies in the cities, but Farari Cab (Taxi) is different from them and is moving ahead with an effort to do something new, you know that all the big ones. The funds of taxi companies are almost the same to do business in big cities and earn good profits. But our company Ferrari Cab has a different thinking.

Farari Cab says that India is moving towards rapid development, but the speed with which the wheel of development is spinning in the metros or big cities also has a quarter of Shahjahanpur and its small villages or other small towns. does not appear in Tell yourself – do not people in villages or towns need better transport?

The citizens here have to travel by bus or auto alternatively with their family and relatives due to non-availability of proper arrangements for travel, where there is no security, no option to avoid the wrath of the weather. Is. Keeping this in mind, Ferrari cabs is trying to move towards small towns and villages like Shahjahanpur by changing the direction of fast growing development like big cities in the field of transport. Presently, Farari cabs is moving forward in the direction of providing 24×7 hourly transport service to all those villages and towns under Shahjahanpur district where there is a cab accessible road system. Here the Farari cab has come to the land of Shahjahanpur as a new ray of hope.

Now any journey is not difficult, no destination is far, day or night, be it winter, summer or rain, our mission is to provide a beautiful, safe, reliable, comfortable and affordable transport system 24X7 day in Katra Tilhar Shahjahanpur area.
We have decided to take the land of Shahjahanpur to a new flight in the field of traffic, to a new sky.
We need your cooperation to fulfill the dreams we have cherished for the land of Shahjahanpur in the field of transport. We believe that all of you Shahjahanpur Vashi will also share our vision more and more and together with us will give this vision further direction.

Aapka apna Himanshu Taxi wala

For more information you can call or whatsapp us.

Phone – +919555956280 

Email- [email protected]

Website. https://farari.in/

App – https://play.google.com/store/apps/details?id=com.cab.farari

Office – Front of kanya patshala Primary school, Kasrak, Katra, SHAHJAHANPUR 242301

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Dataiku, a tech unicorn hosts first ever global Everyday AI Conference in India at Bengaluru

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Over 700 data experts are set to gather at Dataiku’s Inaugural Everyday AI Conference in India, a premiere data and AI conference, featuring sessions from the world’s leading companies including Alstom, Capgemini, GE Aviation, Jio, Schlumberger and Snowflake. Headquartered in New York, USA, Dataiku is the world’s leading platform for Everyday AI, systemizing the use of data for exceptional business results. Organizations that use Dataiku elevate their people (whether technical and working in code or on the business side and lowor no-code) to extraordinary, arming them with the ability to make better day-to-day decisions with data. More than 500 companies worldwide use Dataiku to streamline their use of data, analytics and AI, driving diverse use cases from fraud detection to customer churn prevention, predictive maintenance to supply chain optimization, and everything in between.

Dataiku’s first ever global Everyday AI conference in India at Bengaluru was held on 12 July 2022 at Sheraton Grand, Whitefield.

“The world is going through a massive data boom right now and India is a fulcrum of how the world is looking at data and analytics. We are excited to host the inaugural Everyday AI conference in India bringing together over 700 of the best and brightest minds in the field in person and many more virtually. “This event will provide a platform for real-world stories that highlight what happens when you connect data and doers through the power of Everyday AI,” said Ulysses David, Head of Global Strategy and GM of India, Dataiku

Dataiku was founded in 2013 and has garnered praise from industry analysts for leading the charge in the democratization of AI ever since. The company raised $400 million in a Series E funding round in August 2021 and announced it crossed $150 million ARR in March 2022. Headquartered in New York with over 1,000 employees worldwide, Dataiku was named to the Forbes AI 50 for the past three years and is consistently named on “best companies to work for” lists, including Forbes and Inc.

Stay connected with us on our blog, Twitter (@dataiku), and on LinkedIn.

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