CBIC Reduces e invoicing Threshold to 5 Crores In today's evolving business landscape, staying technologically current is vital. Recently, CBIC's decision to lower the e-invoice threshold to ₹5 Crores from August 1, 2023, impacts small businesses significantly. This change underscores the need for robust e-invoicing solutions like OneStop Invoicing Software, ensuring seamless adaptation to regulatory shifts. E-invoicing, involving electronic generation and transmission of invoices, enhances operational efficiency by eliminating paper-based processes, reducing errors, and integrating with GST return filing. OneStop's user-friendly interface simplifies e-invoicing, ideal for businesses navigating these mandatory changes effectively. #Onestop #eInvoicing #OneStopInvoicing #BusinessTechnology #DigitalInvoicing #AccountingSoftware #SmallBusinesses #CBIC https://blog.onestop.global/cbic-reduces-einvoicing-threshold-to-five-crores/

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tds return filing All GST Registered business have to file monthly or quarterly GST returns and an annual GST return based on the type of business. These GSTR filings are done online on the GST portal A GST return is a document containing details of all income/sales and/or expenses/purchases that a GST-registered taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax liability. Under GST, a registered dealer has to file GST returns that broadly include: Purchases Sales Output GST (On Sales) Input GST (GST paid on purchases) https://taxring.com/service/file-gst-return

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