#e invoice Tumblr posts

  • viniter
    12.07.2021 - 1 week ago

    "Green Electricity" Scam

    I don't know if this is a trend in other countries, but in Slovakia there begun this heavily advertised trend in selling "green" electricity to household consumers. The way it's presented, that by paying an extra fee on top of your monthly bill (usually just a couple euros), they will make sure you only get electricity that came from renewable sources instead of the dirty ones; reducing your carbon footprint and helping to develop renewable energy in your country. And while on surface this might seem like a nobrainer for any environmentally conscious individual, you should really understand what such a deal actually means.

    Delivery

    First you should understand, that there is no way anyone can ensure that your specific electricity came from any concrete source. That's not how it works. Once the electricity is put into grid they can't really control where it's consumed. Also there isn't separate grids for clean and dirty electricity, pretty much everywhere there's only one electrical grid. It wouldn't really make sense to have multiple parallel networks to every house.

    They way it works that you consume some amount of energy from the grid, you pay some money to your provider, and with that money they'll 1) pay power plants to put the same amount of energy back into the grid and 2) pay for maintaining and developing the grid infrastructure.

    So you might think, okay, so the extra money I pay them is so they can afford to buy the more expensive energy from renewable sources to offset my consumption. And that would be true if 1) they weren't already doing that and 2) they had any say in the matter.

    Production

    The thing about energy production is that you can't really store it. You have to make it when it's needed. (There's a tiny bit of storage capacity in the system but that's mostly used to deal with unexpected spikes).

    The problem with renewable energy is that you get what you get. Solar panel will produce more energy when it's sunny, wind turbine when it's windy, river dam when it's rainy etc. The power plant company doesn't really regulate how much energy it makes, other than continuing to build more power plants. And they will always sell all the energy they make. It makes no sense for them not to sell it, since they can't store it for later. If there's low demand they'll sell for less, if there's high demand they'll sell for more. They're not in position to negotiate prices based on how clean the energy is, they have to sell it.

    The same is true for nuclear energy, while it's not considered renewable, the company is in the same position. When they start the fission they can't really stop it. They can slow down a bit, but they also always sell all the energy they make.

    The only players in the game who get to decide when to make energy, and as such negotiate the prices are the dirty guys. Coal, gas, oil etc. If the demand is low, they'll just extinguish the fire. Basically when all the renewable and nuclear energy is used up and there's still more demand, that's when they start burning and making big profits.

    As you can see, there's nothing your provider can really do about where they get the electricity from. Unless they can control the weather.

    Math

    There are two ways you can think about the energy you use up. Let's say 25 % of the energy production in you country comes from renewable sources (which is roughly true for Slovakia). You could say that 25 % of the electricity you used was clean and 75 % dirty. You could also convince yourself that 100 % of your electricity was in fact clean, because the dirty went to other people. Or you could pay extra for your provider to send you a PDF that says so. It doesn't make a difference. It doesn't change the proportions of production.

    But I hear you say, "What if everyone else got the service, then they would have to make sure that all of the energy is renewable! They would have to, idk, build more renewable power plants, right?" No. This service targets specifically households, and quite a low portion of them at that. And households only make up on average less than around 20 % of all energy usage. Most of the energy actually gets used by big industrial consumers, transportation and businesses. And they don't care where their energy comes from. Not that these offers even apply to them.

    Bottom Line

    Even if literally everybody paid for these stupid green energy certificates, the providers wouldn't have to do shit about the state of renewable energy and they would still technically hold up their end of the bargain. It's just a way for them to exploit environmentally conscious people without having to do anything.

    Only question is what exactly they do with the extra money they collect, and I have yet to find a company that would disclose that information. At most they say something vague like "we will help develop renewable energy production" which could mean anything from building big farm of wind turbines to sticking a solar panel on the roof of their office. Only thing they really promise is that you get a PDF saying you only used green energy. An maybe some stickers.

    #rant#long post#renewable energy#green energy#climate change #also i saw one company to offer to send you the PRINTED fucking invoice in GREEN INK... because that's how we beat the climate change... #you'd literally do more by asking for an e-invoice
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  • invarmsit
    12.07.2021 - 1 week ago

    Saudi Arabia is Imposing Invoices in 2021

    Recently, Saudi Arabia has launched a decision to implement E invoicing Saudi Arabia. It is launched by General Authority of Zakkat and Tax (GAZT) and will be implemented on resident taxpayer. It was launched on 4th December2020 and a time period of 12 months has been given to the residential to get prepared for this implement. From the date, the VAT payers excluding non-residential will be provided electronic invoices for all issues like invoices, debit sites and credit notes.

    Well, who is going to be obliged to all these E-invoice GAZT. There are mainly two types of people. First, taxpayers who are residing in the kingdom. Second, any customer or third party who issues a tax invoice on behalf of the resident taxpayer. In a simple terms, except people who are non-residential in Saudi Arabia, will have to pay the invoice tax. 

    What is an e-invoice?

    An E invoicing Saudi Arabia is in electronic form issued by the suppliers on behalf of the company. Electronic invoices obtained by scanning or copying the paper invoices will not be categorised as invoice.

    Moreover, an invoice developed in the pdf or word form will not be accepted by the GAZT. The only permitted format in which companies have to submit is XML or JSON.

    Requirements to issue electronic invoices

    GAZT has set some minimum requirements for electronic systems or applications used to issue an electronic invoice. Here we are noted down their requirement.

    · It must have an internet connection

    · Must take responsibility for data, information or cybersecurity requirements of the nation

    · Should be tamper-proof and have an anti-tampering mechanism

    · It can be interchanged with external systems. 

    The companies need not control the details of the electronic solutions. There will be no license provider to provide the necessary electronic solution. E-invoice GAZT will control everything by own. GAZT is going to announce the technical details very soon. It may take 80 days and will be announced in two separate decision.

    1. Issuing and keeping e-invoices and e-notices i.e., electronic debit and credit notes.

    2. Electronic billing, debit and credit notes system will be linked.

    #E-invoice GAZT #E invoicing Saudi Arabia #INV Arms IT #electronic invoicing system #e invoicing in sap #electronic billing software Saudi Arabia #invarmsit
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  • finkraft
    06.07.2021 - 2 weeks ago
    #How To Check GST Return Status #IRN In GST #Check GST Return Status #Integrated GST #GST Return Filing Status #GST Reconciliation #GST E-Invoice Portal #IRN Number #GST Filing Online #E Invoice System #Input Tax Credit Under GST #GSTR 2A Reconciliation #IRN #What Is GSTR 3B #GST Input Tax Credit #E Invoicing Applicability #E Invoicing In GST #GST E Invoice #E Invoicing Under GST #GST Return Status #E Invoicing GST
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  • siddharthj534
    04.07.2021 - 2 weeks ago
    #e-invoice #gst e invoice system
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  • siddharthj534
    01.07.2021 - 3 weeks ago

    Using Accounting Software and The Advantages It Brings

    One of the first benefits of using accounting software is that you can access your business data at any time and place that you want to. This is the biggest benefit that these Cloud-based accounting systems can offer you compared to the traditional accounting systems. You can use any internet-enabled device that you want for such work. This means that you can use the likes of PCs (personal computers), tablet phones, laptops, and smartphones for such work. Apart from the internet connection, you would need a browser for the purpose though. In case, you are using your smartphone or tablet phone for this purpose you would need the app of the software in question.

    It is easier to collaborate on these systems 

    An e-invoicing software system makes it easier for you to work with others. It is just as easy as saying A, B, C. Just think of the times when you used the old systems. How many times did you have to save data and then upload it on the USB (universal serial bus) drive? You had to do this so that you could share the data with your colleagues. This had to be done so that everyone in the organization could have access to the latest financial and other such data.

    These are automated systems and help you save time

    This is also a major reason behind the burgeoning popularity of accounting software India in the present day and age. Ask any bookkeeper or accountant and the first thing they would tell you is the repetitive nature of their work. Well, this is how it happens most of the time in these cases. The thing is that most steps in their work cycle can be automated and this is where these systems come in as handy as they do.       

    They make things a lot more secure 

    This is especially true when you have bought the system from a leading company such as Tally Solutions. This also counts as one of the best benefits that you get from these systems. Once you are using a Cloud-based system like the ones we are talking about over here you can be sure that all your financial and other relevant business data is absolutely safe. The major reason for this is that these systems use the best encryption algorithms that you would ever come across. So, the financial data of your business is a lot safer over here than it would be on your office shelves.

    #e invoicing software #accounting software India
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  • khatabilling
    26.06.2021 - 4 weeks ago
    #free accounting software #khata billing #Khata billing software with gst #best gst billing software #billing software #gst billing software #grow your business with khata billing #customise your online invoice #stock management software #India’s most trusted e-Invoicing software
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  • gsthead
    25.06.2021 - 4 weeks ago

    Impact of e-invoicing on Nil rated and exempted goods reporting in GSTR 1

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  • gsthead
    24.06.2021 - 1 mont ago
    #auto-population of e-invoice to GSTR-1 #einvoice#e-invoicing#GSTR-1
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  • wep-digital
    16.06.2021 - 1 mont ago
    #best gst software for return filing #E way bill #gst e way #gst e way bill system #e invoicing software #digital invoicing #digital invoicing system
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  • wep-digital
    16.06.2021 - 1 mont ago
    #e invoicing software #e invoice #GST Return Filing #GST Filing #GST E-way bill system #gst filing service #E way bill #gst invoice
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  • gstrobo
    16.06.2021 - 1 mont ago
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  • wep-digital
    10.06.2021 - 1 mont ago
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  • wep-digital
    10.06.2021 - 1 mont ago
    #e invoice #e invoicing software #GST Return Filing #GST Filing #E way bill #gst invoice #GST E-way bill system
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  • wep-digital
    08.06.2021 - 1 mont ago
    #e invoice #E way bill #GST Filing #GST Return Filing #e invoicing software
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  • gocastudycafe
    02.06.2021 - 1 mont ago

    Government department and a local authority exempted from E-Invoicing https://dlvr.it/S0vwJf Twitter @castudycafe

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  • wep-digital
    31.05.2021 - 1 mont ago
    #e invoice #e way bill #gst filing#gst invoice #gst return filing #e-way bill software #e-invoicing software #gst e-way bill system
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