E invoicing
Sunil Nahata (91 Points)
28 February 2020
when e invoicing will commence and what is exemption limit
2 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 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.
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 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: 173 times
Recent Topics
- OCI ( Overseas Citizen of India ) buying property
- Initial Foreign Investment in a private limited co
- Basic questions on parents buying property for the
- 26 AS.NOT ABLE TO LOGIN TO TRACES
- Immovable Construction ITC
- ITR Form Selection for Salary Arrears – FY 2
- Collection on Behalf of Client
- Form 24Q text file
- Form 26QB -Paid TDS 122750
- Reversal of Custom duty as per para 6.08 FTP 2023
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
