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Entrackr- Technology News Today (1)

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Read the full story on technology news today, how newer tech firms are competing on the edge with similar verticals in terms of investments and fundings. Get detailed insights on Entrackr here. – PowerPoint PPT presentation

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Date added: 13 March 2020
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Title: Entrackr- Technology News Today (1)


1
Entrackr
  • Get Best News Updates

2
Government to defer implementation of e-invoices
under GST till July Technology News Today
  • According to technology news today - The
    legislature is intending to concede the usage of
    e-invoicing under merchandise and ventures charge
    (GST) in the wake of getting a tepid reaction
    during preliminaries presented in January.
  • Just 1 of enrolled organizations under the GST
    system utilized e-solicitations on the GST
    Network (GSTN). The Goods and Services Tax
    Council (GSTC) has been thinking about it and may
    concede the usage of e-invoicing till July 1,
    said an ET report citing government authorities
    as per the technology news today.
  • While latest technology news mentions that - The
    legislature is likewise searching for criticism
    from the organizations to address the
    deficiencies of the framework before it gets
    obligatory. On the off chance that lone a couple
    of organizations transfer e-solicitations now, we
    wont know the weaknesses of the framework,
    included the report

3
technology news today
4
the weaknesses of the framework, included the
report
  • The GSTC will meet with partners and the states
    to talk about the proposition on Saturday. The
    advancement comes after Finance Minister Nirmala
    Sitharaman pulled up GSTN administrators and
    innovation supplier Infosys for not having the
    option to determine tech issues at a GSTN meeting
    a week ago.
  • The system will let online business stages, for
    example, Amazon and Flipkart to transfer
    e-solicitations for providers under the GST
    structure. The GST system will help e-comm firm
    monitor providers. In Jan, Entrackr had announced
    that the procedure of e-invoicing is under
    preliminary and could be permitted once it is
    finished.
  • As per the latest technology news, The
    explanation will likewise go far in evacuating
    ambiguities, for example, no prerequisite of
    receipt enlistment gateway approval for
    conveyance challans and bill of supply.

5
A year ago in September, the GST Council had
offered gestures
  • A year ago in September, the GST Council had
    offered gestures to the presentation of
    e-invoicing for business to business (B2B)
    exchanges from January 1, 2020. According
    to Technology news today, The e-receipt
    arrangement of transferring solicitations on
    government entry will be compulsorily turned out
    for organizations with turnover over Rs 100 crore
    from April 1.
  • E-invoicing, when executed, vows to rearrange
    consistency, aberrant assessment framework just
    as to assist check with burdening avoidance as it
    empowers pre-populating GST comes back with the
    e-receipt subtleties. In any case, Industry
    eyewitnesses had forewarned that e-invoicing
    execution would include an extra consistency
    layer and require an update of the bookkeeping
    programming.

6
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  • Email us on entrackrnews_at_gmail.com
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