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Regarding be invoice

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Abhishek Sharma

60 Points Posted on 23 April 2022

if an assessee is running trading and transport service so he is eligible for invoicing

Replies (3)

Quick Summary

This discussion clarifies e-invoicing requirements for businesses involved in both trading and transport (GTA) services. If a business's aggregate turnover exceeds Rs. 20 Crores in any preceding financial year, the trading portion is liable for e-invoicing. However, e-invoicing is not applicable to the GTA service component itself. The query seeks confirmation on whether both parts become liable if the combined turnover exceeds the threshold.

CA Puja Sharma

Chartered Accountant

3528 Points Posted on 23 April 2022

If his aggregate turnover is more than Rs. 20 Crores in any preceding FYs will be liable to generate e-invoice for the trading business.

E-invoicing will not work for the GTA business.

Abhishek Sharma

60 Points Posted on 23 April 2022

Thanks

Anshuman Basu

account -GST

1181 Points Posted on 23 April 2022

Mam pl confirm if a person do business both trading and GTA service and his clubbing turnover more than 20 crores. which part (trading /GTA service or both,) will be liable to generate e-invoice