M/s. Udaypuria & Associates

M/s. Udaypuria & Associates M/s. Udaypuria & Associates
Chartered Accountants

With Hon'ble Governor of Odisha Dr. Hari Babu Kambhampati Ji
19/05/2026

With Hon'ble Governor of Odisha Dr. Hari Babu Kambhampati Ji

17/03/2026
Happy New Year Friends
01/01/2024

Happy New Year Friends

07/06/2023

Jun 07, 2023

E-invoice enabled for businesses with annual turnover of Rs 5 crore
The Central Board of Indirect Taxes and Customs (CBIC) has enabled e-invoice for taxpayers with an Aggregate Annual Turnover (AATO) between Rs. 5 crore and Rs. 10 crores.

E-invoices will become mandatory for all businesses with annual turnover above Rs 5 crore from August 1.

Officials said that enabling it over a month in advance will help in smooth transition for small businesses and will fix any difficulty faced by them and also to avoid any technical glitch, considering the added burden.

Also this will give time for the Industry to ensure that any vendor supplying goods or services and crossing the threshold turnover of Rs 5 crore is necessarily issuing a e-invoice to avoid any dispute with respect to availment of input tax credit (ITC).

07/06/2023

Identity proof not required for exchange of Rs. 2000 banknotes: HC

Ashwini Kumar Upadhyay Vs Union of India & Ors
(Delhi High Court)
Appeal Number : W.P.(C) 7129/2023
Date of Judgement/Order : 29/05/2023

Delhi High Court held that there is no requirement of identity proof for exchange of Rs. 2000 denomination banknotes as it is not the case of demonetization but it is a case of mere withdrawal of Rs. 2000 denomination banknotes from circulation.

Facts- The instant writ petition under Article 226 of the Constitution of India has been filed by the Petitioner as a Public Interest Litigation (PIL) seeking for a declaration that the RBI Notification dated 19.05.2023 and SBI Notification dated 20.05.2023, which permits exchange of Rs.2000 denomination banknotes without obtaining any requisition slip and identity proof, is arbitrary and violative of Article 14 of the Constitution of India.

Conclusion- The present case is not the case of demonetisation but withdrawal of Rs.2000 denomination banknotes from circulation. For this purpose, the Government has taken a decision not to insist upon requirement of identity proof for exchange of Rs.2000 denominations banknotes so that everybody can exchange the same with the other denomination banknotes. Therefore, it cannot be said that the decision of the Government is perverse or arbitrary or it encourages black money, money laundering, profiteering or it abets corruption.

Address

Biswanath Lane
Cuttack
753002

Opening Hours

Monday 10am - 9pm
Tuesday 10am - 9pm
Wednesday 10am - 9pm
Thursday 10am - 9pm
Friday 10am - 9pm
Saturday 10am - 9pm

Telephone

+919338112048

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