Union Budget 2023-24 Union Budget 2023-24 The central government’s spending is outlined and approved by Parliament annually through the Union Budget. According to Article 113 of the Constitution, all expenditures, except for those already earmarked, must be presented as Demands for Grants, organised by the ministry, to the Lok Sabha. These demands are then … Read more
Union Budget 2023-24 Analysis Budget Highlights : Union Budget 2023-24 Analysis Expenditure: Union Budget 2023-24 Analysis The government plans to spend Rs 45,03,097 crore in the fiscal year 2023-24, representing a 7.5% increase over the revised estimate of 2022-23. Additionally, in 2022-23, total expenditure is estimated to be 6.1% higher than the budget … Read more
How to Generate an e-Invoice in GST Portal How to Generate an e-Invoice in GST Portal E-invoicing, a method of electronically authenticating invoices via the GSTN, revolutionises diverse tactics, from go back preparation to e-way bill introduction. Further to this, it also establishes a fashionable schema for speedy statistics trade throughout distinctive systems. How to … Read more
The process of generating or raising an e-Invoice involves several stages: ERP System Configuration: Process of getting an e invoice The taxpayer ensures that their ERP system is reconfigured according to PEPPOL (Pan-European Public Procurement Online) standards. They may coordinate with their software service provider to incorporate the standard e-Invoicing schema and include mandatory parameters … Read more
What is e-invoicing under GST? What is e-Invoicing Under GST? e-Invoicing under the Goods and Services Tax (GST) regime is a system where Business-to-Business (B2B) invoices and certain other documents are electronically authenticated by the GSTN (Goods and Services Tax Network) for subsequent use on the common GST portal. What is e-Invoicing Under GST? The … Read more
