Leveraging Benefits of E-Invoicing & New GST Compliance

Leveraging Benefits of E-Invoicing & New GST Compliance

Friday, 11 June 2021 Time: 4.00 PM

-Registration Link-

https://forms.gle/6JKUBdBZEG6fzUTr8

About Conference

Globally, the Covid-19 has brought out an economic slump. The impact of the pandemic has a direct hit on entrepreneurs and MSMEs in India especially those who were already facing costly affairs of regulatory and taxation compliances. The impact is more on such enterprises which had just co-started their journey with the pandemic. The results of initiatives and support extended by the government are expected to be complemented by the skill up-gradation which will help entrepreneurs to reap the benefits perceived by them. Towards ease of tax compliances, the Central Board of Indirect Taxes & Customs (CBIC) has already mandated E-invoicing in a phased manner. Accordingly, businesses with a turnover of 500+ crore have started complying since October 2020, businesses with a turnover of 100+ crore have started complying since January 2021, and businesses with 50+ crore turnover have been required to comply from 1st April 2021 onwards.

Using accounting software, E-invoice and E-way bill generation and cancellation are all just one click away for the users. Apart from compliance, the value additions and the ease of doing business internally and externally have been a challenge. In order to streamline the same, it’s important to automate and integrate as many business processes as possible. Post-e-Invoicing implementation, it is crucial for taxpayers to comply and further integrate and automate purchase entries backward in order to reduce the mismatches with vendors and claim accurate ITC.

As the Government of India has made e-invoicing mandatory for firms with a turnover of 50 crores or more, it will get embedded in every company’s business processes and practices. With the opening up of opportunities for trade finance both available for domestic and export businesses supported by the digitalization process and use of accounting software for e-invoicing, the business activities are gaining momentum. Considering the importance of E-Invoicing and the required level of understanding about New GST Compliance in India, TDP Global along with the World Association of Small and Medium Enterprises and Tally Solutions as ERP Partner is organizing a web conference on “Leveraging Benefits of E-Invoicing and New GST Compliance” on Friday, 11th June 2021.

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