Every registered taxable person whose aggregate annual turnover exceeds Rs. 10 Cr in any of the financial year starting from 2017-18 is liable to issue e-invoice by way of uploading its tax invoice in json file on Invoice Registration Portal (IRP) in accordance with e-invoice schema in INV-01 and getting back digitally signed json from IRP with IRN and QR Code.
E-invoice is required to be issued for business-to-business (B2B) supplies and export of goods and services.
The following documents are covered under e-invoice:
- Tax Invoice
- Debit Note
- Credit Note
The following registered persons are exempted from e-invoicing:
- Insurance, Banking or Financial Institution including NBFC
- Goods Transport Agency transporting goods by road
- Supplier of passenger transportation service
- Person supplying services by of admission to exhibition of cinematographic film in multiplex screen
- SEZ Unit
Government vide Circular No 186/18/2022-GST dated 27 December 2022 clarified that exemption from mandatory generation of e-invoice is available for the entity as whole. The relevant extract is reproduced below:
| Issue | Clarification | |
|
Whether the exemption from mandatory generation of e-invoices in terms of Notification No. 13/2020-Central Tax, dated 21stMarch, 2020,as amended, is available for the entity as whole, or whether the same is available only in respect of certain supplies made by the said entity? |
In terms of Notification No. 13/2020-Central Tax dated 21stMarch, 2020, as amended, certain entities/sectors have been exempted from mandatory generation of e-invoices as per sub-rule (4) of rule 48 of Central Goods and Services Tax Rules, 2017. It is hereby clarified that the said exemption from generation of e-invoices is for the entity as a whole and is not restricted by the nature of supply being made by the said entity. Illustration: A Banking Company providing banking services, may also be involved in making supply of some goods, including bullion. The said banking company is exempted from mandatory issuance of e-invoice in terms of Notification No. 13/2020-Central Tax, dated 21stMarch, 2020,as amended, for all supplies of goods and services and thus, will not be required to issue e-invoice with respect to any supply made by it. |
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