E Invoicing Applicability under GST in India
21 Mar, 2026
E invoicing applicability generally depends on the aggregate annual turnover of a business. It has an turnover of Rs. 5 crore in any financial year. If it has an more than Rs. 10 crore, they must report invoices within 30 days to the IRP. Read more.
Section 50 of CGST Act outlines the interest on delayed GST payments. This is usually 18% per year on the tax paid in cash. The 24% per year is charged for wrongly claimed Input Tax Credit (ITC). Keep reading to stay informed.
Section 73 of CGST Act manages tax recovery in the purpose of non-fraudulent errors, short payment, or Wrong Input Tax Credit or refunds (Non-fraud cases). This allows paying tax and interest within 30 days to avoid penalties for business purposes.
Managerial remuneration refers to the total compensation paid to directors and key management. It can include salary, perks, and bonuses. It is generally capped at 11% of net profits for corporate fairness as per the Companies Act, 2013. Read more.
Section 122 of CGST Act focuses on penalties for certain offences. The penalties can include fake invoicing, wrongful ITC claims, tax evasion, and non-registration and so on. This can range from Rs. 10, 000 or the tax amount involved. Read to know more.
E Invoicing Applicability under GST in India
21 Mar, 2026
Section 50 of CGST Act- Interest on delayed payment of tax
20 Mar, 2026
Explore Section 73 of CGST Act under GST
19 Mar, 2026
Managerial Remuneration under Companies Act, 2013
18 Mar, 2026
Section 122 of CGST Act- Penalty for Certain Offences
17 Mar, 2026
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