Also, Taxpayers in classes such as Insurance, Banking companies, Financial institution, Non-banking financial institution, GTA, Passenger transportation service, etc will be exempted from issuing E-Invoices or capturing QR code.
GSTZen has developed E-Invoice software that will help you create E-Invoices through an Excel connector or your ERP. Our articles and demo videos provide a detailed explanation of how the tool works.
Organizations with no ERP can use GSTZen's Excel Connector to create E-Invoices.
You may directly create invoices in GSTZen's billing application and create E-Invoices.
GSTZen's integration with SAP B1 lets you create E-Invoices directly in SAP
GSTZen's database connector will sync with your database such as Microsoft SQL server, Oracle, PostgreSQL, MySQL and create E-Invoices
CGST Notification rate 02/2020 reduces the tax rates on aircraft Maintenance, Repair, and Overhaul (MRO) services to 5% from the earlier 18% with full ITC.
According to the CGST Notification rate 03/2020, all Matches will attract 12% GST as opposed to the earlier 5% on Handmade matches and 18% on other matches GST rates.
In view of hardship caused by COVID-19, the Government has extended GSTR-3B return filing due dates for March, April, and May 2020 filing periods to 30th June 2020. The government waives late fee and penalty for all taxpayers and interest for taxpayers with annual turnover below Rs 5 Crore. For taxpayers with annual turnover above Rs 5 crore, the government has reduced the rate of interest charged on delayed payment to 9%. These announcements are yet to be notified officially.
The Place of Supply for aircraft Maintenance, Repair, and Overhaul (MRO) services will be the location of the recipient of service
Since the merge of Union territories Daman & Diu and Dadra & Nagar Haveli, taxpayers with registrations in either of these cities can transfer their existing GSTIN registration and ITC balance to the new Union territory within 31st May 2020 as per the CGST Notification 10/2020.
CGST Notification 09/2020 states that foreign airline companies do not have to submit Form GSTR 9C if their Indian Business operations submit the statement of receipts and payments for the financial year for each GSTIN by the 30th September of the next year.
GSTN introduced a special procedure under CGST Notification 11/2020 for corporate debtors who are undergoing corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016 to enable them to comply with the provisions of GST Laws during the CIRP period.
CGST Notification 17/2020 makes Aadhar authentication optional for new GST registrations since 1st April 2020.