Category: Announcement

GSTIN Update Advisory on Geocoding the Address of Principal Place of Business

FAQs – Geocoding the Address of Principal Place of Business for Existing Regular Taxpayers (Only Applicable for Delhi and Haryana)

Q.1 For which class of taxpayers is the functionality of Geocoding Principal Place of Business available?
Ans. The Geocoding of Principal Place of Business process is applicable for Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor (ISD)/ SEZ Developer/ SEZ Unit.

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FAQ – GSTN Advisory for New Compliance by Taxpayers in Form DRC-01B Pertaining to Differences in GSTR-1 vs. GSTR-3B (gstr-1-3b-drc-01b)

FAQs > Return Compliance in Form DRC-01B (Intimation of difference in liability reported in statement of outward supplies and that reported in return)

1. When can Form DRC-01B be filed?

The system checks the spike between the liability declared in form GSTR-1/IFF and the liability paid in GSTR-3B/3BQ for each return period. If the liability declared in GSTR-1 exceeds the liability paid in Form GSTR-3B by a pre-defined limit for a return period or the percentage difference between the liabilities declared in GSTR-1 exceeds the configurable percentage threshold from the liability paid in Form GSTR-3B for a return period, an intimation is sent to you.

Continue reading “FAQ – GSTN Advisory for New Compliance by Taxpayers in Form DRC-01B Pertaining to Differences in GSTR-1 vs. GSTR-3B (gstr-1-3b-drc-01b)”

Advisory from GST Department – Time limit for Reporting e-Invoices on the IRP Portal

Dear Taxpayers,

1. It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores.

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Filing of announcements in XBRL format on BSE listing centre

Circular By Bombay Stock Exchange(BSE) & Nation Stock Exchange(NSE) – Disclosure Under Regulation 30 of SEBI LODR in XBRL Format.

Circular
Notice No. 20230331-87 Notice Date 31 Mar 2023
Category Circulars Listed Companies Segment Equity
Subject Filing of announcements in XBRL format on BSE listing centre

The Company Secretary

All Listed Companies

Further to Exchange notice dated January 27, 2023, bearing no: 20230127-37 on the captioned subject for submitting corporate announcements under certain subjects, please note that the following announcements subjects filed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) will be available in XBRL format with effect from April 01, 2023: (‘effective date’):

 

·         Disclosure under Regulation 30 of SEBI LODR:

 

1.  Issuance or forfeiture of securities, split or consolidation of shares, buyback of securities, any restriction on transferability of securities or alteration in terms or structure of existing securities including forfeiture, reissue of forfeited securities, alteration of calls, redemption of securities etc.

2.  Agreements (viz. shareholder agreement(s), joint venture agreement(s), family settlement agreement(s) (to the extent that it impacts management and control of the listed entity), agreement(s)/treaty(ies)/contract(s) with media companies) which are binding and not in normal course of business, revision(s) or amendment(s) and termination(s) thereof.

3.   Fraud/defaults by promoter or key managerial personnel or by listed entity or arrest of key managerial personnel or promoter.

4.      One time settlement with a bank

5. Resolution plan/ Restructuring in relation to loans/borrowings from banks/financial institutions (Inter-Creditors Agreement).

6.    Corporate Debt Restructuring.

7.    Notices of Shareholders Meeting

 

At the initial stage, the PDF filings will be considered by the Exchange as compliance under Regulation 30 of the SEBI LODR.  Further, all listed entities would be required to also submit the filings in XBRL mode within 24 hours of submission of the said PDF filing. At a later stage (date to be informed separately) Exchange will shift to only XBRL submission.

It may be noted that, XBRL utility for the above-mentioned subjects is available in XBRL section of the Listing Centre.

 

BSE has provided an online real-time Helpdesk to assist Users with their XBRL filings they may email queries if any to bse.xbrl@bseindia.com or call the Helpdesk on toll free number 1800 233 0445. 

 

 

Filing of Announcements in XBRL format on BSE, NSE & MSEI

Circular By Stock Exchanges(BSE & NSE) – Filing of Announcements in XBRL Format on Stock Exchanges as per SEBI LODR

 

NOTICES
Notice No. 20230127-37 Notice Date 27 Jan 2023
Category Circulars Listed Companies Segment Equity
Subject Filing of announcements in XBRL format on BSE listing centre
Content

The Company Secretary 

All Listed Companies

With reference to the captioned subject various circulars were issued by Exchange(s) for seeking comments/feedback from listed companies on XBRL format(s) for certain type of announcements.

Facility for filings of disclosure for following announcements filed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) will be available in XBRL format with effect from January 28, 2023: (‘effective date’):

 

·         Disclosure under Regulation 29 of SEBI LODR:

         

Prior Intimation of the Board Meeting.

 

·         Disclosure under Regulation 30 of SEBI LODR:

Ø  Change in directors, key managerial personnel (Managing Director, Chief Executive Officer, Chief Financial Officer, Company Secretary etc.), Auditor, Compliance Officer and Share transfer agent.

 

Ø  Outcome of Board Meeting for Dividend, Buyback, Bonus Issue and decision on voluntary delisting by the listed entity.

 

Ø Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/ merger/ demerger/restructuring), or sale or disposal of any unit(s), division(s) or subsidiary of the listed entity or any other restructuring.

Currently, as a part of compliance all listed entities are required to submit the disclosures in PDF mode as per the provisions of Regulation 30 of the SEBI (LODR) Regulations.  Further, all listed entities would be required to submit the filings in XBRL mode within 24 hours of submission of the said PDF filing. At a later stage (date to be informed separately) Exchange will shift to only XBRL submission.

It may be noted that, XBRL utility for the above-mentioned subjects is available in XBRL section of the Listing Centre.

BSE has provided an online real-time Helpdesk to assist Users with their XBRL filings they may email queries if any to bse.xbrl@bseindia.com or call the Helpdesk on the toll-free number 1800 233 0445. 

 

Microvista Technologies is XBRL partner of all the stock exchanges BSE, NSE & MSEI in India. We help regulators, Stock exchanges, Banks, and other institutions to develop XBRL Software, Taxonomies, and XBRL support. For more information, you may visit Microvista Technologies Pvt Ltd

 

GST Number Verification API – Search GSTIN API – Microvista Technologies, India

GST number verification APIs/ GST Verification APIs will help you verify any GST number on a real-time basis. Integrate the GST API with your ERP and verify GSTIN within seconds.

GST Number Verification APIs / GST Verification APIs will help you verify any GST number on a real-time basis. Integrate the GST API with your ERP and verify GSTIN within seconds

GSTIN or Goods and Services Tax Identification Number is a distinctive/unique alpha-numeric PAN-based code given to all the registered taxpayers. It comes under Goods and Service Tax (GST). Since the GST number is unique, it assists in accurate tracking of the registered taxpayer.

Get API Details. Microvista’s GST Verification API is the best GST verification API in India for Enterprises that fetches accurate information attached to that particular GST number that assists all businesses and enterprises to verify the vendors/suppliers before onboarding them into the business. Verify GST number in seconds using our GST number verification API / GST verification API.

How to integrate and verify GST number ? Fill in the form and get BEST GST API FOR ENTERPRISE Details.

Why verify GST number?

GST verification API/ GST number verification API fetches verified and authentic GST details about registered taxpayers /companies/enterprises. This enables you to verify and validate merchants quickly before onboarding them onto your systems. Also, businesses can validate GST number details to reduce fraudulent activities. GST API assists enterprises / businesses to get complete GST details like trade name, director name, contact details, filing status GST type and many more.

Why verify GST number using Microvista’s GST verification API?

Using Microvista Technologies’s GST verification API, businesses can verify GST numbers. It is the process of accurately verifying the registration of an enterprise/ entity. All enterprises/businesses can perform this GST verification check as a mandatory taxation compliance. Microvista’s GST number verification API is an effortless GST API that makes the process of verification of GST number very easy and fast.

Get best GST verification API today.

Benefits of verifying with our GST verification API:

  • Our GST verification API’s integration is very simple.
  • It is a reliable GST API.
  • It gives the best user experience.
  • Fraudulent activities are reduced to a minimum.
  • It fetches / provides the accurate, verified and authentic GST data of companies/ enterprises.
  • GST numbers verification happens in real time in seconds.
  • Bulk operations are easy and fast.

I want to verify my customer. 

GST Number Verification API | Verify GST Number Online | GST Verify API | GST Number Details API | GST Number API Integration | Microvista Technologies.

Verify GST Number Online in real time.

Contact to our GST API team for the best GST verification API / GST API. 

Get API Details. Contact us today. 

Email: support@microvistatech.com. 

Call: +91 70167-11841 / +91 97731 38204 / +91 79-26460445.

Visit us – https://www.microvistatech.com/

Read GST

 

 

Best e-Invoicing API & E way Bill APIs – Microvista Technologies.

An e-invoice is basically generated in the seller’s online invoicing system that can be downloaded at the buyers’ end from a software. It’s structured invoice data generated in e-invoicing software.

Do you want an API to generate GST e-Invoices and E-way bills? You are in the right place for e-Invoicing API & E-way Bill APIs.

What is an e-Invoice?

An e-invoice is basically generated in the seller’s online invoicing system that can be downloaded at the buyers’ end from software. It’s structured invoice data generated in e-invoicing software. 

The e-invoicing system reports all B2B invoices to the government’s GSTN Invoice Registration Portal. GSTN validates the B2B invoices that are generated digitally in a structured format using e-invoicing software. 

This e-invoicing system is a  mandatory process that all companies need to follow from 1st January 2021 which have a turnover of over Rs.100 crores. From 31st October 2020, the companies having a turnover of over Rs. 500+ crores also mandatorily need to follow this.

Talk to us for the best GST e-Invoicing API and  E-way Bill API solutions.

Benefits of e-Invoicing / Why e-invoicing?

All businesses have the below benefits by using the GST e-invoicing system. 

  • Easy and seamless generation of e-invoices and e-way bills.
  • Avoids unnecessary data entry.
  • E-invoicing helps to reconcile error free data under GST thereby reducing the mismatch.
  • Real time and easier tracking of the invoices that are generated by suppliers. This saves a lot of time and money.
  • Input tax credit can be availed faster.
  • Near to zero data entry errors.
  • E-way bill is automatically generated after IRN generation.
  • Loading of e-invoices and e-way bills is faster.
  • Accurate data validations at all steps to ensure an error free e-invoicing generation.
  • Offers great customer service.
  • Less paper consumption.
  • A great degree of control on the whole invoicing process.

So, do you want to create/generate your invoices smoothly?

Connect with us asap.

Microvista’s GST e-Invoicing & e-way bill API system:

It is a streamlined and highly efficient system.

  • Complete transparency.
  • Accurate and simplified process.
  • This GST e-invoicing system integrates seamlessly and smoothly with your existing system/software/ERP. 
  • Take care of the compliance.
  • Provides great insights.
  • Prompt customer support.
  • Secure.
e-invoicing – the most strategic step you can take for your organization.

Get started with Microvista’s best GST E-Invoicing and e-waybills APIs with utmost stability.

We offer a complete and comprehensive e-Invoicing solution API system that works in full compatibility with every ERP system. You can generate an e-Invoice and receive a QR code & IRN number instantly.

Request demo.

Our GST APIs are designed and developed to be scalable as per your business requirements. We have been successfully helping our clients to adhere to strict GST compliance with your simplest and the most reliable GST APIs for e-invoicing and e-way bills. Contact us today for easy and accurate e-invoicing API and e-way bill API in India. Talk to our best GST API  experts- 70167-11841 / 97731 38204 / 079-26460445.

Our other blog on e-invoicing – E-invoicing under GST system from Microvista.

Our other reads

Best GST Verification API for Enterprises | Microvista Technologies

All you need to know – GSTIN Verification, GSTIN Verification API, GST Number Verification API

BSE Launches XBRL Taxonomy for Listed Insurance Companies to File Their Financial Results on the Exchange

Mumbai, Friday, 8 February 2019: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds has launched the XBRL taxonomy for enabling listed insurance companies to file their financial results with the exchange. It will now be mandatory for all listed insurance companies to file their financial results in XBRL format for period ending March 31, 2019, onwards.

The filing of results in XBRL was already mandatory for all other types of listed entities, which has now been extended to listed insurance companies too.

BSE has also made available the simple Excel Utility with built-in validations to assist companies to simply fill in the details and prepare the XBRL file for uploading into BSE’s Listing Portal. The exchange has also made the XBRL taxonomy available to all listed companies free of cost, on its website for enabling companies to directly generate XBRL files.

All companies would be required to file the financial results in PDF format along with the LRR/Auditors Report, through CAFS system within 30 minutes of conclusion of Board Meeting and follow this up with the XBRL filing within 24 hours. Announcements through BSE’s CAFS system will reflect seamlessly and almost instantaneously on the exchange’s website for public dissemination.

BSE is well known for adopting state-of-the-art technologies and using them to provide its users and customers a more enriching and satisfying experience. This investor-friendly move is expected to enable faster and better decision making by investors and public at large.

BSE Launches XBRL Taxonomy for Listed Insurance Companies

XBRL taxonomy for enabling listed insurance companies to file their financial results with the exchange

BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds has launched the XBRL taxonomy for enabling listed insurance companies to file their financial results with the exchange. It will now be mandatory for all listed insurance companies to file their financial results in XBRL format for period ending March 31, 2019, onwards.

The filing of results in XBRL was already mandatory for all other types of listed entities, which has now been extended to listed insurance companies too.

BSE has also made available the simple Excel Utility with built-in validations to assist companies to simply fill in the details and prepare the XBRL file for uploading into BSE’s Listing Portal. The exchange has also made the XBRL taxonomy available to all listed companies free of cost, on its website for enabling companies to directly generate XBRL files.

All companies would be required to file the financial results in PDF format along with the LRR/Auditors Report, through CAFS system within 30 minutes of conclusion of Board Meeting and follow this up with the XBRL filing within 24 hours. Announcements through BSE’s CAFS system will reflect seamlessly and almost instantaneously on the exchange’s website for public dissemination.

BSE is well known for adopting state-of-the-art technologies and using them to provide its users and customers a more enriching and satisfying experience. This investor-friendly move is expected to enable faster and better decision making by investors and public at large.