WEBINAR ON E-INVOICING, A NEW CONCEPT UNDER GST & NEW QUARTERLY RETURN SCHEME

The GST System Project is a unique and complex IT initiative. It is unique as it seeks to establish a uniform interface for the taxpayer. It also establishes a common and shared IT infrastructure between the Centre and States.

E-invoice will be mandatory for businesses having turnover of 100 crore or more from 1st January, 2021. It introduces a feature of digital invoice for goods and services provided by the businesses. The concept of GST e-invoice generation system has been taken into consideration for the reduction in GST evasion.

Within a time span of three and half years we have witnessed frequent changes along with numerous circulars & clarifications for GST return filing and it’s due dates. A major dichotomy for filling of GSTR-1 & GSTR-3B for small taxpayer’s is GSTR 3B to be filed on monthly basis & GSTR 1 to be filed on quarterly basis. Thus compliance needs to be done on a monthly basis for small taxpayers also. In order to provide relief to small taxpayers, QRMP (Quarterly Return Monthly Payment) scheme has been introduced from 01/01/2021.

To update members regarding E-invoicing and QRMP scheme, IDT Committee of The Chamber of Tax Consultants has organized a webinar.

The details of webinar are as follows

After registering, you will receive a confirmation email containing information about joining the webinar. Then click on the link received on your email to join the webinar.