GST E-Invoicing is a system that requires businesses to generate electronic invoices for all their taxable supplies. This system is designed to reduce tax evasion, improve tax compliance, and simplify the process of filing GST returns.

As per the current GST regulations, businesses with a turnover of more than Rs. 20 crores are required to issue e-invoices for all their taxable supplies.

GST E-Invoicing offers a number of benefits, including reduced tax evasion, improved tax compliance, and a simplified GST return filing process.

E-invoices under GST must be generated in JSON format as per the specifications provided by the GSTN.

E-invoices under GST are valid for a period of 30 days from the date of issue.

Businesses that fail to issue e-invoices for their taxable supplies are liable to pay a penalty of Rs. 25,000.

To issue an e-invoice under GST, businesses need to generate an e-invoice in JSON format, sign it with a digital signature, and upload it to the GSTN portal.

The GSTN plays a crucial role in GST E-Invoicing by providing the infrastructure for e-invoicing, regulating the e-invoicing process, and ensuring compliance with e-invoicing regulations.

GST E-Invoicing implementation faces challenges such as technical difficulties, lack of awareness among businesses, and resistance to change.

GST E-Invoicing is expected to become mandatory for all businesses in the future. It will also be integrated with other tax systems and used for real-time tax monitoring.

GSTR-1 is a monthly return that must be filed by all registered GST taxpayers. The due date for filing GSTR-1 is the 11th of the following month.

GSTR-3B is a monthly return that must be filed by all registered GST taxpayers. The due date for filing GSTR-3B is the 20th of the following month.

GSTR-9 is an annual return that must be filed by all registered GST taxpayers. The due date for filing GSTR-9 is the 31st December of the following year.

Businesses that fail to file their GST returns on time are liable to pay a penalty of Rs. 100 per day.

Businesses that fail to pay their GST liability on time are liable to pay interest at the rate of 18% per annum.