Applicability of E Invoicing - urgent

269 views
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.
Reply Share Follow
On 20 September 2020 at 15:05 Report
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).

User Avatar

Student
23693 Points Posted on 20 September 2020
E-Invoicing will be applicable for you since your Aggregate Turnover exceeds Rs. 500 crores.
2 Reply
On 20 September 2020 at 17:39
Guest
Same turnover is considered in Our and Consignor books still ??
Reply
On 20 September 2020 at 18:27
User Avatar

Profession
28261 Points Posted on 20 September 2020
Carry on with e invoicing.
Reply
On 20 September 2020 at 18:41
User Avatar

CA
1258 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

Reply
On 28 September 2020 at 20:25

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  2. Last Date To Fill ITR For Non-Audit Case
  3. Guidance Required on Filing Fresh Registration und
  4. IT Return Refund Status AY 2026-27
  5. Clarification Regarding Income Tax Demand Notice
  6. Online PAN Download: Check How?
  7. Demand of Late fee/Interest under section 75 of GS
  8. DSC registration on TRACES portal
  9. Can we get registered for MCA if we get a Virtual
  10. DONATION PAYMENT REG

More recent discussions | Post

Related Topics :

Loading