How to Safeguard Your Enterprise from e-Invoice-driven Notices
By CA Ronak Banka, Tax Expert | May 3, 2024
A chartered accountant with a stronghold on Direct taxes with providing consultancy and compliance advisory. Also an enthusiast with tech with a motive to automate maximum processes to provide ease to users. Currently working on TDS and 26AS recon and software development. In past, have experience of statutory and internal audit, handling group finances and finalization of books of accounts. Additionally have experience of working in sectors like real estate, automobiles and manufacturing
About the Webinar
After three years of implementation, challenges still remain in the Indian e-invoicing system, especially for enterprises. On the other hand, the laws are getting tighter with the passing of time, putting finance and invoicing teams under pressure. Incorrect e-invoicing leaves teams to re-generate invoices quickly, taking a lot of time and effort. Any failure may lead to a penalty of up to Rs.25,000. The penalty for non-generation of e-invoice is 100% of the tax due or Rs.10,000, whichever is higher, for every invoice. Teams are also concerned about missing invoices from IRN and e-way bill generation, especially when processes are not fully digitalised. Finance leaders also often face trouble responding to/acting on audit observations and e-invoice/e-way bill notices with incomplete backup or data archives, lack of audit trails, and inaccurate invoicing records. Moreover, inconsistencies in the GST reporting compared to e-invoices generated lead to intimations and show cause notices that tax teams find hard to respond to. Join our webinar to learn how to navigate notices in e-invoicing and the best practices to avoid notices and penalties. Register now and embark on a journey towards enhanced efficiency and seamless e-invoicing operations.
Things we will discuss
Applicability of e-invoicing system
Timeline of e-invoicing implementation in India
Types of non-compliances in e-invoicing
Causes & deep-dive into e-invoicing-related notices
Legal options to address e-invoicing-related notices
Tested solutions & best practices to avoid e-invoice-related notices
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