Article explains E-Invoice under GST with Government Preparation on E-Invoice under GST, Applicability of E-Invoice under GST, Process to Generate an E-invoice under GST, Summary Of Notifications Issued on 13th December 2019 related to E-invoice under GST, Other Points related to E-invoice under GST, Mandatory Fields Of E-Invoice and Links to the Notifications Related to E-invoice under GST.
Page Contents
Sr. No. | Category | Particulars |
1. | General
|
Version number (Tax schema), Invoice reference number, Code for invoice type, Invoice number , Invoice date |
2. | Supplier | Legal name (Name appearing in PAN), GST number, Address, State name, Pin code |
3. | Buyer | Legal name, GST number, State code, Address, State name, Pin code |
4. | Payment | Payee name, Account number, Payment mode, IFSC code |
5. | Delivery | Company name, Address, State name, Pin code (Applicable in case of stock transfer/ sale of goods |
6. | Invoice item | Serial number, Quantity, Item rate, Net amount, GST rate, GST Amount, Batch number for manufactures |
7. | Document Total | Total invoice value, Total tax amount, Amount paid in advance, Amount due |
8. | Extra | Tax scheme |
9. | Ship to | Company name, GST number, Address , Pin code, State name, Supply Type ,Transaction mode |
Title | Notification No. | Date |
CBIC notifies class of registered person required to issue GST invoice having QR Code | Notification No. 72/2019–Central Tax [G.S.R. 928(E)] | 13/12/2019 |
CBIC notifies rule 46 of CGST Rules, 2017 (Tax Invoice) wef 01.04.2020 | Notification No. 71/2019–Central Tax [G.S.R. 927(E)] | 13/12/2019 |
CBIC notifies Class of registered person required to issue e-invoice under GST | Notification No. 70/2019–Central Tax [G.S.R. 926(E)] | 13/12/2019 |
CBIC notifies common portal for e-invoice under GST | Notification No. 69/2019–Central Tax [G.S.R. 925(E)] | 13/12/2019 |
CBIC amends Manner of Issuing Tax Invoice under GST | Notification No. 68/2019–Central Tax [G.S.R. 924(E)] | 13/12/2019 |
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how do we address the e-invoice for stock transfer within branch
If goods are transferred with in the branch but in different state, then E-invoice is required to be generated.
is gross turnover or net turnover considered for e Invoiceing
What is format of JSON file?
Government not mention it?
Because JSON file contains so many format.
E-invoice mandatory for 500/100 Crores means, whether 500/100 Cr Turnover per GST registration in one single state or multiple GST registration altogether in different states. Plz clarify.
(In fact, we hv Pan India turnover is more than 100 Cr but in one state turnover is less than 100CR.)
Turnover is to be checked on PAN India basis. E- invoicing is applicable in your case.
so that means e-invoicing is applicable on all the states irrespective of their own sale, if pan based sale is more than 100/500 crore?
Own Pick:
“3. Applicability of E-Invoice under GST
………
“It will start on voluntary and trail basis from 1 February 2020 IF TURNOVER IS INR 100 CRORE OR MORE.
………..” (FONT to focus)
As personally read and independently understood:
The new mandate has been made applicable and is expected to be strictly complied, with no option open, by switching over to E- invoicing from the specified cut-off date, for the financial year 2020-2021 (and onwards); provided the ‘turnover’ for the immediately following financial year ending 31-03-2021 crosses the threshold limit of INR 100 Crore.
As such, for deciding whether or not the mandate is applicable, a registered person might have to be in a position to make a reasonable/ more or less an accurate estimation of the expected turnover for the said financial year. Going by own common sense thinking, however, such an estimation seems impossible; that too on the very opening date of, – and in many cases even on any subsequent date until closer to the end of – the financial year.
Anyone with a materially different view to spare and share; if so, any well-thought-out suggestion/ feasible alternative to render the mandate workable/implementable?!
courtesy
According to me, Turnover is required to be considered for FY 2019-2020.
Well explained
Thankyou Anita for appreciation.
Applicable for service provider also?
Yes, definitely.
mandatory from 01-April-2020 for those turnover exceed INR 100 crore but turnover consideration for FY 2019-2020 ??
No, we have to consider turnover of preceding year.
Yes, your understanding is correct. Please ignore my previous reply.