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Applicability of E Invoicing - urgent

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Guest

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.

Replies (4)

Quick Summary

This discussion clarifies the applicability of e-invoicing for businesses with an aggregate turnover exceeding 500 crore rupees. It confirms that sales from super stockist and consignee businesses, when reflected in GST returns and books of accounts, contribute to this turnover. Therefore, if your total turnover surpasses this threshold, e-invoicing is mandatory, and you must register invoices on the Invoice Registration Portal (IRP).

Shivam RC

Student

7666 Points Posted on 20 September 2020

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

Guest

Posted on 20 September 2020

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

sabyasachi mukherjee

Profession

19978 Points Posted on 20 September 2020

Carry on with e invoicing.

Bhavika Kothari

1012 Points Posted on 28 September 2020

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