22 September 2020
Dear all, as you are aware that wef 01-10-2020 E Invoicing is going to be implemented in GST, for those having turnover in excess of Rs 500 Crores during PY. My query is that turnover must for be for GST items only or total turnover. For example in Sugar Industry sale is for Sugar, Molasses, Power & Alcohol. Power is exempt from GST & many items of Distillery are also out of GST. Kindly share your opinions.
22 September 2020
For the purpose of e-invoicing, you will have to consider aggregate turnover of the PY.The aggregate turnover includes exempt supplies. Therefore, you appear to be covered under e-invoicing. The portal will probably consider turnover declared in GSTR1/3B.You can check on the portal if you are covered or not.
CAclubindia
