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E invoicing

Sunil Nahata (88 Points)

28 February 2020

when e invoicing will commence and what is exemption limit

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 28 February 2020

The taxpayers with annual aggregate turnover of over Rs 500 Crore can voluntarily generate e-invoices starting from 7 January 2020 through APIs. Whereas the taxpayers with the turnover over Rs 100 but less than Rs 500 Crore can join them from 1 February 2020. The electronic invoicing will be mandatorily implemented from 1 April 2020. for taxpayers with turnover over Rs 100 Crore. The aggregate turnover will include the turnover of all GSTINs under a single PAN, across India.

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CA Akshay Hiregange (Partner - Audit & Assistance) (4515 Points)
Replied 28 February 2020

E-invoice presently applicable where GSTIN of the recipient is mandatory - B2B, deemed exports & SEZ supplies.

B2C, exports are expected to be implemented in phase 2 of implementation.

Suggest you to go through the FAQ for more clarity (attached!)

Attached File : 2657669 20200228122527 updated e invoice faqs v6.pdf downloaded: 114 times

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