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Electronic Invoice in GST- Summary of 5 New Notifications

CA Ashutosh Somani 14 Dec 2019 14,265 Views 1 comment Print Goods and Services Tax | Articles

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Govt. issued notifications Notification No. 68/2019–Central Tax, to 72/2019 dated 13th December, 2019, which are related to E-Invoicing under GST. Summary of all these notifications is as mentioned below-

GST Update 13/12/2019 (E-Invoice)

Notification No. & Date of issue	Subject	Summary
Notification No. 72/2019-Central Tax ,dt. 13-12-2019	Seeks to notify the class of registered person required to issue invoice having QR Code.	QR Code on B2C Invoice is mandatory for registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees (>500 crores) w.e.f 1st April, 2020
Notification No. 71/2019-Central Tax ,dt. 13-12-2019	Seeks to give effect to the provisions of rule 46 of the CGST Rules, 2017.	Applicability of Rule 5 of CGST (Fourth Amendment), 2019 made vide notification No. 31/2019 – Central Tax, dated the 28th June, 2019 “Tax invoice shall have Quick Response (QR) code.” w.e.f 1st April, 2020
Notification No. 70/2019-Central Tax ,dt. 13-12-2019	Seeks to notify the class of registered person required to issue e-invoice.	E-Invoice is mandatory for registered person, whose aggregate turnover in a financial year exceeds one hundred crore rupees (>100 crores) w.e.f 1st April, 2020
Notification No. 69/2019-Central Tax ,dt. 13-12-2019	Seeks to notify the common portal for the purpose of e-invoice.	Electronic Invoice Portal (i) www.einvoice1.gst.gov.in; (ii) www.einvoice2.gst.gov.in; (iii)www.einvoice3.gst.gov.in; (iv) www.einvoice4.gst.gov.in; (v) www.einvoice5.gst.gov.in; (vi) www.einvoice6.gst.gov.in; (vii) www.einvoice7.gst.gov.in; (viii) www.einvoice8.gst.gov.in; (ix) www.einvoice9.gst.gov.in; (x) www.einvoice10.gst.gov.in. w.e.f 1st January, 2020
Notification No. 68/2019-Central Tax ,dt. 13-12-2019	Seeks to carry out changes in the CGST Rules, 2017.	Insertion of Sub-rules 4, 5 & 6 in Rule 48 of GST Rules, 2017 (Regarding issuance of Invoice) E-Invoice should contain the particulars as mentioned in FORM GST INV-01 w.e.f 13th December, 2019

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Author Bio

Name: CA Ashutosh Somani

Qualification: CA in Practice

Company: S P K G & CO LLP

Location: MUMBAI, Maharashtra, India

Member Since: 10 Apr 2018 | Total Posts: 4

I am a Fellow member of the Institute of Chartered Accountants of India, with a strong focus on Auditing and Taxation, particularly in Goods & Service Tax, RERA & Information Systems. I bring a wide range of skills and knowledge to the table. View Full Profile