E-way and einvoice

303 views 2 replies

Hi,

 

 

 

Since we all upload consignment value as per section 15 provisions to generate e invoices, irn or manually generate e-way bills.  Once the delivery is complete, will the invoice close off? And is this consignment value used here in tax portals used for calculating corporate tax assessment? 

 

Txs

Replies (2)

I am not sure what you wish to ask by Invoice Close Off. However, as per my understanding of your further query, taxable values mentioned on the GSTN portal can be used by GST authorities during assessments. Even other authorities can also take reference of it for multiple purposes. 

But, if you are sure about the differences in GSTN portal values and books of accounts, there will be no issue.

Reconciliation will only help.

Please feel free to add on further, if required.

Regards

 

I'm sure this is what happens then. The consignment value is nothing but invoice value and I was wondering if it is used for tax assessment. I was also under the impression that goods are dispatched per order and it becomes a consignment. What ever transactions happen will be recorded (credit notes from seller) in gst portal and can be helpful in assessing current taxes . I'm clear now. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details