CBIC has issued a Notification no.73/2020 – Central Tax dated 01.10.2020 providing relaxation to the taxpayer on the e-invoicing compliance for a period of one month. The said notification provides a special procedure where a taxpayer can raise invoice without IRN and QR code during the period from 01.10.2020 to 31.10.2020. However, for all those invoices the IRN and QR code must be generated within 30 days from the date of invoice. Click here for the Notification.
Example: In case a registered person has issued an invoice dated 03.10.2020 without obtaining IRN but reports the details of such invoice to IRP and obtains the IRN of the invoice on or before 02.11.2020, then it shall be deemed that the provisions of rule 48(5) of the CGST Rules, 2017 are complied with i.e. the invoice shall be considered as a valid document. And the penalty imposable under section 122 of the CGST Act, 2017 shall also stand waived. The said section states that a penalty of Rs.10,000/- or the amount equal to tax whichever is higher shall be levied if invoice is issued without IRN and QR code. Press Release on the -invoice exemption.It is mentioned in the press release that this relaxation is a last chance given to the taxpayer and no further relaxation on the e-invoicing would be given. All the invoices issued from 01.11.2020 must have IRN and QR code. Otherwise, all the applicable provisions of CGST Act and Rules would apply for the violation of not having IRN and QR code.
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