E-invoicing for domestic sales

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This discussion clarifies the applicability of e-invoicing for businesses in the UK. The key question is whether e-invoicing applies if only export turnover exceeds Rs 50 crores, while domestic sales are below this threshold. The consensus is that aggregate turnover, including exports, determines e-invoicing applicability, and there are no specific exemptions for exports.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)

15 April 2021 Respected Sir,
Rgds

Please let me know the below given issue and oblige.

On 8th March 2021, the CBIC notified that e-Invoicing will be applicable from 1st April 2021 for businesses with a turnover of more than Rs. 50 crores (in any financial year from FY 2017-18 onwards, as intimated in Notification No. 5/2021 – Central Tax. ... 61/2020 – Central Tax).

Our export turnvoer is above Rs 50 Crores but domestic sales turnover is less than Rs 50 Crores.

Whether e-invoicing is only and only for domestic sales turnover.

CMA Poornima Madhava

CMA Poornima Madhava (Expert)

15 April 2021 As I understand, aggregate turnover includes export turnover too. Moreover, there is no specific exemption from e-invoicing in respect of exports. Thus e-invoicing will be applicable in this case.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)

15 April 2021 Tks with kindest regards for your guidelines.

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