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E invoice reg


SDR ASSOCIATES   16 November 2020

SDR ASSOCIATES

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What is the criteria for e- invoice
RAJESH DESHPANDE

RAJESH DESHPANDE (Manager-Accounts and Finance)     16 November 2020

RAJESH DESHPANDE
Manager-Accounts and Finance 
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As per earlier those T/o was upto 500 cr,it was mandatory from 1st oct 20, now one more addition as per new notification in Nov 20, that whose T/o is more than 100 cr (aggregated Pan base) is applicable Einvoice from 1 1 21
Shivam RC

Shivam RC (Student)     16 November 2020

Shivam RC
Student 
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As per Notification No. 88/2020 - Central Tax, dated, 10th November 2020, W.e.f 01/01/2021 Taxpayers having Aggregate Turnover more than Rs. 100 crores are required to generate E-Invoice.
SDR ASSOCIATES

SDR ASSOCIATES   16 November 2020

SDR ASSOCIATES

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Our turnover below 10cr valantire e invoice generation possible?
JATINDER KUMAR

JATINDER KUMAR (Accountant)     16 November 2020

JATINDER KUMAR
Accountant 
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Yes....
SDR ASSOCIATES

SDR ASSOCIATES   17 November 2020

SDR ASSOCIATES

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K thank you all
Shivam RC

Shivam RC (Student)     17 November 2020

Shivam RC
Student 
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I don't agree with Mr. Jatinder Kumar Sir...

@ SDR Associates, As per FAQ No. 27 on GST e-invoice / IRN System ( Version 1.3 ) issued by GSTN, dated 11th November 2020, it has been clearly clarified that for the time being generation of e-Invoice will be mandatory "only for notified class of taxpayers" and that too for their B2B Supplies and no "Voluntary generation of e-Invoicing will be allowed".

EXTRACT FROM THE FAQ's :

27). Is e-invoicing voluntary, i.e. can entities with aggregate turnover below the prescribed limit also report invoices to IRP, if they wish to do so?

Answer : No, presently, only the notified class of persons will be allowed / enabled to report invoices to IRP.

Hence you cannot generate e-Invoice voluntarily ( turnover below Rs. 10 crore ).

Regards,
Shivam RC.
SDR ASSOCIATES

SDR ASSOCIATES   17 November 2020

SDR ASSOCIATES

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Thank u Shivam sir
Shivam RC

Shivam RC (Student)     17 November 2020

Shivam RC
Student 
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Most Welcome Sir...
shahyar husain

shahyar husain   18 November 2020

shahyar husain

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Dear sir, can you make changes in e-invoice?

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