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Applicability of E Invoicing - urgent


akash (article asistant)     20 September 2020

akash
article asistant 
 2 likes  53 points

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Hello,

We are having more than 500 cores turnover including turnover of business as super stockist which reflects in books of accounts and GST return.

Also includes turnover of business as Consignee sales, as consignor and we both showing this sales in GST portal so whether consignee sales termed as Turnover ???

So we have to consider sales of super stockist and Consignee business for Turnover definition.

avater

Shivam RC (Student)     20 September 2020

Shivam RC
Student 
 2738 likes  21375 points

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E-Invoicing will be applicable for you since your Aggregate Turnover exceeds Rs. 500 crores.

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akash (article asistant)     20 September 2020

akash
article asistant 
 2 likes  53 points

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Same turnover is considered in Our and Consignor books still ??

avater

sabyasachi mukherjee   20 September 2020

sabyasachi mukherjee

 153 likes  4094 points

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Carry on with e invoicing.

avater

Bhavika Kothari (CA)     28 September 2020

Bhavika Kothari
CA 
 9 likes  269 points

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Since your turnover is more than 500 crores you need to register invoices on IRP. Please check GST notification no 61/2020-Central Tax and GST notification 13/2020-Central Tax for further details


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