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Showing posts from January, 2024

Important Update: E-Waybill generation will not be allowed without e-Invoice details from March 01, 2024

BIG Update/Important Update E-Waybill generation will not be allowed without e-Invoice details from March 01, 2024 On January 5, 2024 , the National Informatics Centre has released an update indicating that, starting from March 1, 2024, the generation of e-Waybills will not be permitted unless accompanied by e-Invoice details. This restriction applies specifically to B2B and B2E transactions for taxpayers who have adopted e-invoicing, requiring the inclusion of e-Invoice or Invoice Reference Number (IRN) details to facilitate e-Waybill generation. Background and Reason Behind : e-Invoice has been operationalised since October 2020 for the taxpayers with Annual Aggregate Turn Over (AATO) above Rs. 500 Crores and eventually in a phased manner, e-Invoice generation is made mandatory for taxpayers with AATO above Rs. 5 Crores. From day-one, E-Invoice is seamlessly integrated with e-Way bill system and accordingly e-Way bills are generated along with e-Invoice. That is, during e-Invoice gen...

Updates Released in New Version of Chanakya ERP (1.1.5.1 - 1.1.5.3)

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Updates Released in New Version of Chanakya  ERP  (1.1.5.1 - 1.1.5.3) Formula in Qty Now formula can be used for calculation in Qty & Rate field of Invoice B2C & Invoice B2B If you want to calculate 10 x 5 then simply enter in qty column like below  =10*5 (System will automatically update the result in qty) If you want to calculate 10 x 5 x 20.5 x 2 then = 10*5*20.5*2 If the UNIT is SQFT or SQMTR which are normally used in Marble, Tile, Hardware etc business segment then formula should be entered like below which will help in many manners. =L*W*Q (L=length, W=width, Q=Qty) =4x4x100 System will update result 1600 in qty and also add following data in printout Size : 4 x 4 Pcs : 100 These feature can be used also in other ways as per requirement. For more details, feel free to contact us. Mandi Management Now Special Menu has been added in Chanakya ERP for Mandi Management (Fruit and Veg Mandi) This feature will be available only in Full (Registered) Version. (Help ...