Hi Friends,
We 100% EOU unit, our last year sales Turnover is 17 crores.
Do we applicable e-invoice for all sales a d service invoices?
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E-Invoice Applicable for EOU Unit
Replies (6)
Quick Summary
E-Invoice is exempted for SEZ units only. There is no exemption for EOUs. How ever if your turnover exceeds Rs.20.00 Crores in any last financial years from 2017-18 you have to generate, else not required.
Dear Sir, thanks a lot for your kind assistance. I would like to know that consideration of Aggregate Aggregate Turnover for FY 20-21.
Sales Of Goods 12 Crores, Raised Debit Note against reimbursement 8 Crores, so total revenue is 20 crores.
So, as per GST Act, we are applicable for e-invoice? or we need to consider sales of goods only for consideration of Turnover?
Sales Of Goods 12 Crores, Raised Debit Note against reimbursement 8 Crores, so total revenue is 20 crores.
So, as per GST Act, we are applicable for e-invoice? or we need to consider sales of goods only for consideration of Turnover?
Dear Mohanraj
As per Notification no. 61/2020-Central Tax dated 30th July 2020, the special economic zone unit (SEZ) is exempted from e-invoice.
As per Notification no. 61/2020-Central Tax dated 30th July 2020, the special economic zone unit (SEZ) is exempted from e-invoice.
But as you are EOU unit not Sez Unit , the E-invoice is applicable , if the aggregate turnover exceeds 20 crore . Reimbursement of expenses in GST attracts GST in term of Section 15 of CGST Act . So it's depends the debit raised for 8 CR is reported by you in GSTR 1 or you have reduced your ITC .
If it is reported by you in GSTR 1 , then will include in your Aggregate Turnover & you will be liable to do E-invoice . Whereas if the ITC being reduced (Reduced the purchase/expenses) then it won't be included in Aggregate Turnover & your threshold limit 20 crore to not exceed, this not liable to RCM
Sorry last line kindly read " this not liable to RCM" as " then E-invoice does not applicable on you"
Thank u so much Pankaj Ji
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