30 December 2020
Whether turnover for Q1 of F.y. 2017-18 will be included in aggregate turnover for checking threshold (100cr/ 500cr) for applicability of E-Invoicing. As specific clarification is issued for GST audits, whether any such clarification issued for E-Invoicing, if yes, please share for the reference.
30 December 2020
Aggregate turnover for E-Invoicing will be for turnover w.e.f 01.07.2017. Forst Quarter turnover will not be considered for the purpose.
It has been clarified by NIC vide release dated 7th September 2020 that the taxpayers have been enabled to self-register with Invoice Reference Portal (IRP ) for the e-invoice system if they have crossed the aggregate turnover of the business with INR 500.00 Crores during any of the previous 3 financial years of GST REGIME
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