E Invoicing

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With e-invoicing becoming mandatory for businesses with over Rs 500 Crores turnover from 01-10-2020, a key question arises: does this include only GST-applicable items or the total turnover? The consensus is that 'aggregate turnover' for e-invoicing purposes includes exempt supplies. Therefore, if your total turnover exceeds the threshold, even with exempt items like power or certain distillery products, you are likely covered. You can verify your eligibility on the official portal, which likely uses data from GSTR1/3B.

CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Querist)
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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.

Lekhraj sood

Lekhraj sood (Expert)
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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.

CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Querist)
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23 September 2020 Thank you very much.

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