12 Views22/03/2023 Dear Taxpayers, Thanking You,Team GSTN Source: GSTN
E-Invoicing
27 ViewsIn the 37th GST Council meeting held on 20.09.2019 it was recommended to introduce electronic invoice (e-invoice) in GST in phased manner. ‘e-Invoicing’ means reporting details of specified GST documents to a Government-notified portal called as Invoice Registration Portal (IRP) and obtaining a Invoice Reference Number (IRN). It doesn’t mean generation of Invoice by […]
Advisory on New e-Invoice Portal
39 Views25/02/2023 Dear Valued Taxpayers, 1. We would like to inform you that GSTN has onboarded four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition to NIC-IRP. As a result, the beta launch of a new e-Invoice portal (www.einvoice.gst.gov.in), has been done where taxpayers can find comprehensive information on e-invoice compliance in a […]
Updates in validations of e-invoice
With reference to the circular https://cbicgst.gov.in/pdf/circular184.pdf a new validation has been incorporated. The list of items should have only the items with HSNs belonging to 9965 and 9968
GST FAQs on e-Invoice System has released
128 ViewsIRP has released Updated Frequently Asked Questions (“FAQs”) related to e-Invoicing. 1. Whether e-Invoice is required for Export of Services?Ans. Yes, if you are eligible for e-Invoicing, all the invoices of B2B and Exports need to be registered. 2. Is there any time limit for delivery of goods or generation of e-waybill in e-Invoice?Ans. […]
E-invoicing for turnover above Rs.5 crores
183 ViewsBusinesses with annual turnover of over Rs.5 crore will have to move to e-invoicing under goods and services tax (GST) from January 1. The GST Network has asked its technology providers to make the portal ready to handle the increased capacity by December, a government official privy to the development, told ET. The official […]
Single sign-on (SSO) functionality has been enabled for e-Invoice and e-Waybill
203 ViewsThe Single sign-on (“SSO”) functionality has been enabled for e-Invoice and e-Waybill. The SSO is a facility by which the user can log in to the e-Way bill system using his/her credentials and click on the e-Invoice link to access the e-Invoice system directly without logging in again and vice versa. Source: EWB
Oct 1 deadline for compulsory e-invoice generation nears for firms with Rs 10 crore turnover
144 ViewsBusinesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) transactions from October 1 onwards, according to the Finance Ministry. As of now, businesses with turnover of Rs 20 crore and more are required to generate e-invoices for all B2B transactions.Central Board of Indirect […]
Who are liable to generate e-invoice w.e.f October 1, 2022
340 ViewsThe GST Council, in its 37th meeting held on 20.09.2019, has recommended introduction of electronic invoice (‘e-invoice’) in GST in a phased manner. E-invoicing was initially made applicable w.e.f 01.10.2020 for the registered person having aggregate turnover of Rs. 500 crore and above only. Since then, aggregate turnover is being reduced in a phased […]
E-invoicing limit reduces to 10 cr from existing limit of 20 cr w.e.f. Oct 01, 2022
335 ViewsCBIC issued Notification No. 17/2022–Central Tax dated August 01, 2022 to amend Notification No. 13/2020 – Central Tax, dated March 21, 2020 to decrease the e-Invoicing aggregate turnover limit from 20 crore to 10 crore w.e.f. October 01, 2022. Source: CBIC