The GST Council has decided to introduce with centralized issuance of an unique number (Invoice Reference number) for each B2B invoice on reporting of invoice data to a central portal with effective(Mandate) date from 1stApril 2020 for all Tax payers The new system will lead to one-time reporting on B2B invoice data in the form it is generated to reduce reporting in multiple formats (one for GSTR 1 and the other for e-way bill) and to generate Sales and Purchase Registers (ANX-1 and ANX-2) and from this data to keep the Return (RET-1 etc.) ready for filing.
The Goods and Services Tax (GST) is introduced to bring a single unified tax regime for India, which will consolidate many different taxes into a single tax regime.
The intention is to bring predictability and lower operating costs for businesses because the GST will reduce the overall tax burden by reducing the impacts of cascading taxes and allow the cross-utilization of tax credits across the supply chain.
All the enterprises must gear up for a smooth deployment of GST related changes in their application landscape. Without proper technical and application environment, GST compliance will be impossible.
Customer challenges
Organizations do not necessarily have in-house expertise to cope up with the deployment and management of changes related to GST. As the government tries to streamline the process, periodic changes and report requirements (GSTR1, GSTR2, e-Way Bill, e-Invoicing etc.) are generated.
SAP is regularly delivering various notes and patches to support the technical architecture for addressing these requirements.
However, extracting the accurate data from the SAP system and then integrating it to the GSTN Portal (either with our without the help of GSP/ASP) is a huge challenge requiring substantial efforts.
In the evolving environment of the new GST regime it is envisioned that the GST Suvidha Providers (GSP) concept is going to play a very important and strategic role.
Automation of accounts payable process using AI technology,
Digital Invoice Application helps you digitize end to end processing of vendor invoices through automation, workflows with best practices. The solution enables businesses to meet critical payment and compliance deadlines, reduce the time it takes to process invoices. Streamline Accounts Payable Operations with Optimized Invoice Processing
E-invoicing or ‘electronic invoicing’ is a process in which B2B invoice are authenticated electronically by GSTN for further use on the common GST portal
The e-Way bill is an electronically generated document which is required for the movement of goods of value more than INR 50000, from one location to another.
The document gives information on the following topics:
1.What is GST
2.Structure
3.Working of GST
4.Systems to Administer
5.Changes in SAP
6.Challenges
7.SAP Notes & Pre-requisites
For freelance services please visit the website: www.salienterp.com or contact on info@salienterp.com
We make VAT Reporting in GCC countries very easy. Read our free VAT guide for a step-by-step walkthrough of how to use Tax reporting tool by Azdan to solve the Value Added Tax in GCC countries.
GST in India - Impact Assessment & ImplementationNimish Goel
GST is proposed to be implemented in India from April 1, 2017 and it is important for companies to get an impact assessment done and understand the implications on their margins, cash flows, business processes and tax obligations. International Business Advisors (www.ibadvisors.co) is working with its clients to help transition to this new legislation.
The Goods and Services Tax (GST) is introduced to bring a single unified tax regime for India, which will consolidate many different taxes into a single tax regime.
The intention is to bring predictability and lower operating costs for businesses because the GST will reduce the overall tax burden by reducing the impacts of cascading taxes and allow the cross-utilization of tax credits across the supply chain.
All the enterprises must gear up for a smooth deployment of GST related changes in their application landscape. Without proper technical and application environment, GST compliance will be impossible.
Customer challenges
Organizations do not necessarily have in-house expertise to cope up with the deployment and management of changes related to GST. As the government tries to streamline the process, periodic changes and report requirements (GSTR1, GSTR2, e-Way Bill, e-Invoicing etc.) are generated.
SAP is regularly delivering various notes and patches to support the technical architecture for addressing these requirements.
However, extracting the accurate data from the SAP system and then integrating it to the GSTN Portal (either with our without the help of GSP/ASP) is a huge challenge requiring substantial efforts.
In the evolving environment of the new GST regime it is envisioned that the GST Suvidha Providers (GSP) concept is going to play a very important and strategic role.
Automation of accounts payable process using AI technology,
Digital Invoice Application helps you digitize end to end processing of vendor invoices through automation, workflows with best practices. The solution enables businesses to meet critical payment and compliance deadlines, reduce the time it takes to process invoices. Streamline Accounts Payable Operations with Optimized Invoice Processing
E-invoicing or ‘electronic invoicing’ is a process in which B2B invoice are authenticated electronically by GSTN for further use on the common GST portal
The e-Way bill is an electronically generated document which is required for the movement of goods of value more than INR 50000, from one location to another.
The document gives information on the following topics:
1.What is GST
2.Structure
3.Working of GST
4.Systems to Administer
5.Changes in SAP
6.Challenges
7.SAP Notes & Pre-requisites
For freelance services please visit the website: www.salienterp.com or contact on info@salienterp.com
We make VAT Reporting in GCC countries very easy. Read our free VAT guide for a step-by-step walkthrough of how to use Tax reporting tool by Azdan to solve the Value Added Tax in GCC countries.
GST in India - Impact Assessment & ImplementationNimish Goel
GST is proposed to be implemented in India from April 1, 2017 and it is important for companies to get an impact assessment done and understand the implications on their margins, cash flows, business processes and tax obligations. International Business Advisors (www.ibadvisors.co) is working with its clients to help transition to this new legislation.
Mexico - Electronic Accounting Records for Tax purposesAlex Baulf
The Mexican Congress has passed a series of amendments to the Federal Tax Code for the purpose of modernizing and facilitating the compliance and enforcement of tax obligations. With effect July 2014, the Tax Administration Service (SAT) will require tax payers to submit electronic accounting records - in essence, a standard audit file for tax purposes (SAF-T). This alert (translated from the original tax alert in Spanish) provides a high level commentary of the new requirements.
Understand the new regulations published by the Mexican Tax Authorities related to Electronic Accounting, which are effective 1 January 2015 and which impact all corporations and certain individuals doing business in Mexico.
Roadmap To GST Implementation - Understand The Functioning Implementation and Impact of GST In India
Goods and Services Tax, a comprehensive indirect tax, would be the biggest reform in India's indirect tax structure to be levied on manufacture, sale and consumption of goods and services throughout India.
For ensuring implementation of GST across all segments of your industry including supply chain, accounting, tax and IT, team APMH possess the presence throughout India.
Are you ready for e-Invoicing?
e-Invoicing is going to be mandatory for Indian companies with turnover of more than 100 crores from January 2021. Learn how to get ready for e-Invoicing.
https://www.forceintellect.com/2020/11/17/gst-e-invoicing-erp/
Looking at the latest legislation to impact on AP and Finance teams in the UK. Making Tax Digital (MTD) for VAT. Includes a look at Global trends and how technology can help.
end-to-end GST eco-system
We are shaping the future of GST. Today.
GST is going to simplify the current system of tax and we are making it simpler for you by building an end-to-end GST eco-system.
Reserve your login
One place for all your GST needs
One Stop for GST Returns
Input tax credits
System will calculate tax payable after checking
Input tax credit available from the Central GST System.
Returns
We will pin-point your supplier who has not filed his return
so that you do not lose your sleep over GST credits
One account
System is designed to help you manage multiple
registrations and clients from a single login
e-Biz (Excise Software)
From past decade most of the companies use "Tally" software, for the accounting purpose, then why one would choose e-Biz Accounting Software. Because Tally does not provide other features besides accounts, whereas with "Shantech India" you will be benefited with customized e-Biz package integrating Excise tax & other taxes implied by the government, which you require besides accounts.
In view to all these hassles occurred to all businessmen, Shantech India e-Biz is the unique solution. As it also calculates Excise & other Taxes implied by the government on the purchase & sales transactions. Inventory & other features will also be provided as per your requirement.
We can integrate our e-Biz Software with your Tally Accounting Package (Depending On the user requirements).
Benefits of Integrating e-Biz with Tally :
One time entry in e-Biz and a voucher get transferred to tally automatically.
Vouchers created from e-Biz can also be modified and deleted by user and it's respective opration will get reflected in Tally also.
In e-Biz administrator can provide User level, voucher level and transaction level security.
In e-Biz administrator can generate user wise performance reports.
In Tally, no voucher can be rolled back if it gets deleted, but in Case of e-Biz it can be.
Webinar: Building your business case for e-invoicingOpusCapita
Most of us are aware of the benefits of getting rid of paper invoices. We save time, money and reduce errors.
But what elements should you take into account when you’re building a business case? And better yet, how do you sell this type of digital transformation to your internal stakeholders. Which parts of your organization need to be involved
Join our webinar to find out how to build your business case for e-invoicing and understand how to get this onto the agenda of your key stakeholders.
UK: Briefing Paper - Are you ready for Making Tax Digital? Alex Baulf
The UK government is going ahead with its Making Tax Digital (“MTD”) programme, starting with VAT-registered taxpayers. From 1 April 2019, businesses with a turnover above the VAT registration threshold will be required to keep specified minimum records in the VAT account and to submit the current nine- box VAT return to HMRC via Application Program Interface (“API”) software (linking either the accounting system or excel spreadsheets to the HMRC system).
Senior Commercial Manager of Immedis, Adrian Morrissey address the GPA UK Summit in London 2018 where he discusses the future of global payroll through technology, data, business intelligence and analytics
En ebook-e-invoicing-under-gst-applicability-updates-mandates-and processNiranjanaDhumal
This e-book also answers further questions such as: why e-invoicing under GST is being implemented in India? How is an e-way bill generated with the e-invoicing process? How can you benefit from a solution to seamlessly transition towards GST e-invoicing? What should you expect and need from an e-invoicing software before settling for a solution?
E-invoice Generation | Many of the basic GST complexities that an account manager must deal with include e-invoicing and the creation of invoice reference numbers (IRN).
Read Full Article at :- https://einvoice6.gst.gov.in/content/account-managers-guide-to-effective-e-invoice-generation/
Mexico - Electronic Accounting Records for Tax purposesAlex Baulf
The Mexican Congress has passed a series of amendments to the Federal Tax Code for the purpose of modernizing and facilitating the compliance and enforcement of tax obligations. With effect July 2014, the Tax Administration Service (SAT) will require tax payers to submit electronic accounting records - in essence, a standard audit file for tax purposes (SAF-T). This alert (translated from the original tax alert in Spanish) provides a high level commentary of the new requirements.
Understand the new regulations published by the Mexican Tax Authorities related to Electronic Accounting, which are effective 1 January 2015 and which impact all corporations and certain individuals doing business in Mexico.
Roadmap To GST Implementation - Understand The Functioning Implementation and Impact of GST In India
Goods and Services Tax, a comprehensive indirect tax, would be the biggest reform in India's indirect tax structure to be levied on manufacture, sale and consumption of goods and services throughout India.
For ensuring implementation of GST across all segments of your industry including supply chain, accounting, tax and IT, team APMH possess the presence throughout India.
Are you ready for e-Invoicing?
e-Invoicing is going to be mandatory for Indian companies with turnover of more than 100 crores from January 2021. Learn how to get ready for e-Invoicing.
https://www.forceintellect.com/2020/11/17/gst-e-invoicing-erp/
Looking at the latest legislation to impact on AP and Finance teams in the UK. Making Tax Digital (MTD) for VAT. Includes a look at Global trends and how technology can help.
end-to-end GST eco-system
We are shaping the future of GST. Today.
GST is going to simplify the current system of tax and we are making it simpler for you by building an end-to-end GST eco-system.
Reserve your login
One place for all your GST needs
One Stop for GST Returns
Input tax credits
System will calculate tax payable after checking
Input tax credit available from the Central GST System.
Returns
We will pin-point your supplier who has not filed his return
so that you do not lose your sleep over GST credits
One account
System is designed to help you manage multiple
registrations and clients from a single login
e-Biz (Excise Software)
From past decade most of the companies use "Tally" software, for the accounting purpose, then why one would choose e-Biz Accounting Software. Because Tally does not provide other features besides accounts, whereas with "Shantech India" you will be benefited with customized e-Biz package integrating Excise tax & other taxes implied by the government, which you require besides accounts.
In view to all these hassles occurred to all businessmen, Shantech India e-Biz is the unique solution. As it also calculates Excise & other Taxes implied by the government on the purchase & sales transactions. Inventory & other features will also be provided as per your requirement.
We can integrate our e-Biz Software with your Tally Accounting Package (Depending On the user requirements).
Benefits of Integrating e-Biz with Tally :
One time entry in e-Biz and a voucher get transferred to tally automatically.
Vouchers created from e-Biz can also be modified and deleted by user and it's respective opration will get reflected in Tally also.
In e-Biz administrator can provide User level, voucher level and transaction level security.
In e-Biz administrator can generate user wise performance reports.
In Tally, no voucher can be rolled back if it gets deleted, but in Case of e-Biz it can be.
Webinar: Building your business case for e-invoicingOpusCapita
Most of us are aware of the benefits of getting rid of paper invoices. We save time, money and reduce errors.
But what elements should you take into account when you’re building a business case? And better yet, how do you sell this type of digital transformation to your internal stakeholders. Which parts of your organization need to be involved
Join our webinar to find out how to build your business case for e-invoicing and understand how to get this onto the agenda of your key stakeholders.
UK: Briefing Paper - Are you ready for Making Tax Digital? Alex Baulf
The UK government is going ahead with its Making Tax Digital (“MTD”) programme, starting with VAT-registered taxpayers. From 1 April 2019, businesses with a turnover above the VAT registration threshold will be required to keep specified minimum records in the VAT account and to submit the current nine- box VAT return to HMRC via Application Program Interface (“API”) software (linking either the accounting system or excel spreadsheets to the HMRC system).
Senior Commercial Manager of Immedis, Adrian Morrissey address the GPA UK Summit in London 2018 where he discusses the future of global payroll through technology, data, business intelligence and analytics
En ebook-e-invoicing-under-gst-applicability-updates-mandates-and processNiranjanaDhumal
This e-book also answers further questions such as: why e-invoicing under GST is being implemented in India? How is an e-way bill generated with the e-invoicing process? How can you benefit from a solution to seamlessly transition towards GST e-invoicing? What should you expect and need from an e-invoicing software before settling for a solution?
E-invoice Generation | Many of the basic GST complexities that an account manager must deal with include e-invoicing and the creation of invoice reference numbers (IRN).
Read Full Article at :- https://einvoice6.gst.gov.in/content/account-managers-guide-to-effective-e-invoice-generation/
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealthAcademy Tax4wealth
E-Invoice generation is mandatory for businesses with an annual turnover of Rs 10 Cr. Read this blog about the complete guidelines on e-invoicing under GST.
For more information, visit us at:-
https://academy.tax4wealth.com/blog/e-invoicing
With GST ready to be rolled out soon in the new year, it's time companies gear-up to be tax compliant and bring about the applicable changes in their supply chain and business structure. BatchMaster is all set with its GST add-on that can help you transit and comply seamlessly with the upcoming GST.
With GST ready to be rolled out soon in the new year, it's time companies gear-up to be tax compliant and bring about the applicable changes in their supply chain and business structure. BatchMaster is all set with its GST add-on that can help you transit and comply seamlessly with the upcoming GST.
E-invoicing and ITC Claim: Positive Impact of E-invoicing on GST Reconciliati...eInvoice6 govt portal
E-invoicing and ITC Claim: Positive Impact of E-invoicing on GST Reconciliation & ITC | 5 ways in which e-invoicing will help in faster and better reconciliation
https://einvoice6.gst.gov.in/content/e-invoicing-and-itc-claim-positive-impact-of-e-invoicing-on-gst-reconciliation-itc/
Webinar: Is your Manufacturing Procure2Pay ready to meet e-invoicing mandate?Sensiple Inc.,
The Indian Government has mandated e-invoicing for the 100-crore club, and this becomes a crucial requirement for Indian manufacturer to interface with the e-invoicing portal as Buyer andor Seller. The integrated P2P solution should fetch the EDI data from e-Invoicing portal, transfer mapped data into ERPs, initiate digital workflow & approvals.
#E invoicing w.e.f. 1st Ap'2020# By SN Panigrahi,
E - Invoicing is a form of Electronic Billing,
E-Invoice : Advantages,
E-Invoice Notifications,
Type of Documents to be Reported to GSTN System,
Critical Aspects of E-Invoicing,
Process to Generate an E-invoice under GST,
QR Code,
E-Invoice : Important Links
Workflow of E-Invoice,
Some of the Software Interface Providers
how e-commerce platforms must register under GST and generate an IRN on behalf of their suppliers. The page also covers the Reverse Charge Mechanism and the criteria for e-invoicing. : https://einvoice6.gst.gov.in/content/e-invoicing-for-e-commerce-operators/
E invoicing under GST : A broad overview of electronic invoicingMainakBanerjee21
‘E-Invoicing’ is a method in which B2B invoices are authorized electronically with GSTN. It is an additional trade on the regular GST portal. Below the automated invoicing scheme, an identification number will be allotted against each invoice by the Invoice Registration Portal (IRP). It will be ruled by the GST Network(GSTN).
GST in India explained along with different types of returns. In-depth process flow of GSTR 1,2 and 3.
Contents -
a) What is GST?
b) List of GST Returns
c) Return Flow (GSTR 1-3)
d) GSTR 1 - Outward Supplies
e) GSTR 2 - Inward Supplies
f) GSTR 1A & GSTR 3
E-Invoice Software- The taxpayers must Create an invoice with all the mandatory details. upload The invoice To IRP(Invoice Reference Portals) using GSP. IRP will generate unique Invoice Reference Number (IRN) after authenticating which will be attached on the e-invoice and system will digitally sign the same and return to taxpayer (supplier) as well as recipient.It will also generates a QR Code containing the unique IRN along with some important parameters of invoice like GSTIN of supplier and buyer, invoice number, date, invoice value, total tax amount and HSN code of major item. visit us- https://mastergst.com/gst-e-invoicing-software-for-business-india.html
Yantra GST SuiteApp helps businesses in India manage their operations, reporting, and compliance pertaining to the applicable Goods and Services Tax (GST), and TDS requirements. GST bundle extends NetSuite to address the multiple nuances of GST computation and reporting with GSTR2A reconciliation.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
2. What is GST simplification?
The GST council, on 11th June 2019 announced the roadmap to ease transition to the new simplified GST return
system from 1st October 2019 and it also announced to introduce the electronic invoice (IRN) from January 2020
onwards. The tax payer needs to work with 3 discrete systems, from the first step of dispatching the goods to the
final step of filing the monthly return and availing input tax credit. ie. eWay Bill, IRN and GSTN system.
The key elements of the new simplified GST return and eInvoice includes:
• Uni-directional upload of outward invoices
• Real time uploads & save to GSTN of GST ANX-1 (All outward supply documents for B2B, B2C, Supply to SEZ,
Inward attracting reverse charge & Import of Services) and GST ANX-2 on reconciled actions (eg: accept, reject
& pending (On hold)) taken on vendor invoices uploaded in GST ANX -1
• Adjustments for liability & credit reversal for advances & previously filed returns
• Availing of Input tax credit is based on the acceptance of the vendor invoice uploaded in GST ANX-1 by vendor
• Tax payers can avail the provisional credit for the invoices not uploaded by their vendor as part of vendor’s
GST ANX-1
• Tax Payers are not given a provision to upload their purchase invoices in GST ANX-2
• Taxpayers barring a few exceptions, shall file a monthly return. Composition dealers and dealers having nil
transactions shall file quarterly returns
• The GSTN system shall propose both tax liability and input tax credit based on the outward invoices submitted.
• All B2B invoices should have unique invoice reference number (IRN) generated by central portal on real time
basis.
• B2B invoices becomes invalid without having IRN (invoice reference number)
• Input tax credit can be availed only for a invoice with valid IRN.
3. eInvoicing is a new system of Invoice registration introduced by GSTN, wherein every B2B invoice generated has
to be submitted to GSTN in real time for generation of IRN number. The invoice will only be considered as valid and
input tax credit can be availed only with a valid IRN number.
The new system of generating IRN leads to one-time reporting of B2B invoice data and the same invoice data is
used to generate GST ANX-1 and Part A of eWay Bill. This data is used for the auto generation of Sales and
Purchase Registers (ANX-1 and ANX-2).
The current system of filing GSTR1 and GSTR3B shall continue till the GSTN system is ready with the new format
for outward invoice submission which would replace GSTR1.
As a 'buyer', IRN would become the basis for availing the input tax credit (ITC), for this the 'supplier' should have
submitted the outward invoice for generation of IRN. It's buyer's responsibility to reconcile his/her invoice with
supplier invoice having valid IRN. Inability to do so would lead to increase in tax liability.
Demystifying eInvoicing(IRN)
On 1st of April 2018, eWay Bill generation was mandated by the GST regime. eWay Bill is an electronically
generated document which is required for the movement of goods of value more than INR 50000, from one
location to another. This document is generated online on the National Informatics Centre (NIC) portal for
transportation of goods, both inter and intra state and includes details such as name of consignor, consignee,
point of origin of consignment, consignment destination and route.
The process involves a registered tax payer generating the eWay Bill for their outward supply document on the
NIC. A unique eWay Bill number (EBN) is generated for each eWay Bill and it is available to the supplier, recipient
and transporter.
eWay Bill
What's changing with respect to eWay Bill with introduction of IRN ?
The GSTN plans to generate the part A of eWay Bill using the invoice information
submitted for IRN generation and supplier can submit Part B (Vehicle & mode of
transport information) separately.
4. What does this mean for you?
High inter-dependency between eWay Bill, GSTN
reporting and IRN system could bring additional
operational complexities if an integrated approach
is not followed for example
a. Tracking and monitoring of invoice status in
terms of generation of IRN, eWay Bill and
invoice filing status. This could lead to delay in
movement of goods and availing of inputs tax
credit in time.
b. Maintaining the audit trail of the document.
c. Cascading effect on eWay Bill/ GSTN reporting
and IRN on cancellation of invoice in ERP
system.
For availing the right input tax credit and for being
compliant, reconciliation of seller invoice vs
purchase invoices (GSTR 2A) is of paramount
importance. Absence of auto reconciliation would
lead to delay or loss of inputs tax credit and serious
Fulfilling audit requirement of reconciliation
between:
a. IRN and eWay Bill for goods
b. IRN and GST -ANX-1 GST
c. ANX-2 and Vendor invoices (GST ANX-1)
To avoid delay in shipments of goods and services
one has to ensure that IRN number is generated in
near real time basis. Generating IRNs manually or
through off-line tools could result in inefficiencies
both in terms of manpower and time.
Impact on Operations Impact on Shipments
Impact on availing Input Tax Credit
Impact on Audit and Compliance
5. Key features of the solution include
Zero Touch Reconciliation: Easily avail Input Tax Credit
Seamless integration from SAP ERP (ECC
and S4/HANA) to GSTN via multiple GSP’s. It
helps tax payer to avoid manual process of
downloading and uploading the files to XLS,
flat files etc.
One solution for all 3 disparate systems with
single dashboard in back-end to handle
payload for IRN, eWay Bill and GST reporting.
Seamless Integration: Simplified business/transaction processing
Introducing Digital Compliance Platform for GST
SAP is offering ASP services in the Tax Payer enterprise landscape through the SAP Localization Hub, Digital
Compliance Platform solution for India offered on SAP Cloud Platform. This solution offer consolidation
capabilities at a GST Registration level of your organization of data from disparate systems and is designed
around a framework driven approach for reporting.
Eligible and ineligible input tax credits shown separately,
and tax payer can report the ineligible credit as part of their
GST RET.
Linking payment to your supplier based on your acceptance
of their outward invoice data submitted to GSTN in real time
System proposes the reconciliation categories and action
to be taken for availing the ITC.
• Missing in GSTN (To identify the documents which
contributes to the provisional credit) and Missing in
Source.
• Complete match
• Partial match
• Partial match (Item mismatch)
• Probable PAN match
• Probable invoice mismatch
Real time: Better planning for working capital
Real time reconciliation to track the
provisional credit for the invoices not
uploaded by the seller as part of their GST
ANX-1.
Real time upload of outward invoices to the
GSTN system, shall ensure that every
relevant outgoing transaction is uploaded
and accounted for GST reporting.
6. Automation: Reduced cost
Auto-acceptance of supplier outward invoice
data when matched with your backend ERP.
Automation of GST outward invoice
submission in alignment with eWay Bill,
avoids the need to reconcile between
invoices submitted to NIC with the outward
supply invoice data submitted to GSTN.
Power of HANA: Better performance with real-time analytics
High transaction volume management,
data security and supply data
consolidation.
Provision of pre-delivered and user-defined
parameters (defining a tolerance for tax
value and amount) for invoice matching to
ensure handling of large volume of your
inward supply invoices.
Health Check
• Inbuilt validations on Master Data and transaction data such as vendor classification to
ensure error free submission of your outward invoices to GSTN
Transparency
• Data cockpit provides live status update for each invoice
• Ability to drill down to the invoice level
• Track the acceptance status of your outward invoices and ensure submission within the
defined timelines
Security
• Message level & transport level encryption between source & ASP, ASP to GSP, data
conversion in required format and audit trail
• SAP ASP is built with the highest standard of security compliance in line with GSTN
guidelines and even beyond
Additional features
Automated Failover
• Ability to choose multiple GSPs with automated failover mechanism
• Amongst the SAP certified GSTs to ensure timely submission of returns
7. SAP provides eInvoice solution for India brings about a seamless integration between your system and the IRN
system during your invoicing transactions and generate IRN in real time for all B2B invoices.
The eInvoice is designed to generate the required payload based on the information from your transaction data,
push this data to IRN, get the IRN (Unique number) and related information from IRN and update your GST
invoice. Invoice becomes invalid without IRN. As in the GST Digital Compliance Platform, the eInvoice solution has
inbuilt validations and health check features to ensure mandatory data is part of the payload.
SAP eInvoice solution provides
1) Generation of IRN in real time
2) Reconciliation between
IRN and eWay Bill•
IRN and GST ANX-1•
Plan is to provide inbound automation based on the purchase order details given during IRN generation.
SAP’s eWay Bill solution for India brings about a seamless integration between your system and the NIC during
your invoicing transactions.
The eWay Bill is designed to generate the required payload based on the information from your transaction data,
push this data to NIC, get the eWay Bill number and related information from NIC and update your GST invoice
with these details in an automated process. As in the GST Digital Compliance Platform, the eWay Bill solution has
inbuilt validations and health check features to ensure mandatory data is part of the payload.
*Licensed as SAP Localization Hub, Digital Compliance Platform for India
With the GST Digital Compliance
Service*, you can compare essential
details of your supplier’s outward
invoices with your supply invoice data.
Seamless integration with NIC, ensures
that your eWay Bill is generated in real
time thereby ensuring that you are
compliant.
Digital Compliance Platform from SAP provides facility
• To validate the active and inactive counter party GSTIN
• To generate consolidated report for counterparty’s filing status for their different GST reports
GST eInvoice (IRN – Invoice Reference Number) for India
GST eWay Bill for India
Easily validate your supply chain partner’s GST compliance
8. With the Digital Compliance Platform for India in SAP® Localization Hub, Brakes India now has:
How is a major auto parts maker simplifying compliance
with India’s GST requirements?
Brakes India makes complex tax compliance easier than ever
while speeding up invoicing for customers and partners.
Complete integration between the SAP
ERP application and India’s Goods and
Services Tax (GST) network
Optimized and efficient
GST filing process
100% GST compliance
Reduction in manual invoice management efforts,
increasing productivity and allowing staff to spend
more time on value-adding activities
Full visibility and accountability for every invoice
submitted in the GST network
“The Digital Compliance Platform for India in SAP Localization
Hub handles GST filings efficiently with total compliance at
all levels. We have full integration and automatic data transfer
between our transactional system and the GST network,
requiring little manual effort.”
— G. Vimalan, General Manager for Applications,
Brakes India Private Limited
Goods and Services Taxes - a new tax regime
brought in by the Government of India has impacted
all businesses. So did the eWay Bill! Converting
these eventualities into opportunities, Britannia, one
of the largest biscuits and dairy products company,
leveraged GST and eWay solutions by SAP.
Compliance and productivity in the age of GST and
eWay Bill: Britannia
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the video