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E invoiceing

JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)

27 January 2021

Hi.,

Our company ., croseed the 500 Crors., have the system implementation from one software to another software., we are unable to do e-invoicing ., we sent to letter to gst officer., we are unable to do e-invoicing upto 30 days like that., any body suggest what tis the legal issue will happen if not do the e-invoicing. Thanks Jagan. R

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 27 January 2021

He/she must upload the invoice on the IRP. On uploading the invoice, a unique Invoice Reference Number (IRN) will be issued against each invoice. Non-generation of e-invoice will imply non-intimation of supply transactions to the government. Any invoice issued by the applicable taxpayer without the IRN is considered invalid invoice under the GST law. In other words, it is regarded as a non-issue of invoice and thus attracts various penalties as listed in the next section.Non-issuance of e-invoice is an offence under GST and thus attracts penal provisions. Below are some of the penalties for non-issuance of invoice or issuance of incorrect invoice:

Penalty for non-issuance of invoice- 100% of the tax due or Rs.10,000, whichever is higher.
Penalty for incorrect invoicing is Rs.25,000