As another emerging issue under GST for a Taxpayer is Whether he need to Generate an E-Invoicing from 01-04-2020 & if Yes then

–  What is an E- Invoicing?

– Does E-Invoicing mean preparation or generation of tax payer’s invoice on Government portal?

– Who shall generate IRN & QR Code?

– What types of documents for generation of IRN?

– Portal on which IRN is to be generated?

– Who Is responsible for generating IRN?

– Consequences of not generating IRN?

Now let us take the help of respective notifications which deals with e-invoicing in glimpse.

E-Invoicing

Notification No. & Dt. Purpose of Notification Applicability
68/2019 – Central Tax Dt. 13/12/2019 Specifying the format of Invoicing & if E- Invoicing not Generated than its Consequences
69/2019 – Central Tax Dt. 13/12/2019 Notifies the Portals for generating of E- Invoicing 01/01/2020
70/2019 – Central Tax Dt. 13/12/2019 Specifying the class of registered persons required to generate E- Invoicing 01/04/2020
72/2019 – Central Tax Dt. 13/12/2019 Specifying the class of registered persons required to generate QR Code 01/04/2020

Lets 1st Understand What is an E-Invoicing?

E-Invoicing or Electronic Invoicing is a system where in the Tax payer will upload his invoice details & register his supply transaction on the Government Invoice Registration Portal (IRP) & get an Invoice Reference Number (IRN) generated by IRP System

The Taxpayer will 1st prepare & generate his invoice using his ERP/ Accounting Software or Manual System and then upload these invoice details to IRP and get the unique reference number known as IRN.

Does E-Invoicing mean preparation or generation of tax payer’s invoice on Government portal?

No, its only intimating the government portal that invoice has been issued to the buyer, by registering that invoice on the government portal.

Who shall generate IRN & QR Code?

Every registered person whose Aggregate turnover ( i.e Aggregate value of all taxable supplies

(+) exempt supplies

(+) exports of goods or services or both

(+)  inter-State supplies of persons having the same PAN

(-) inward supplies on reverse charge basis)

(-) CGST, IGST, SGST, UGST & Cess to be computed on all India basis)

Exceeds 100 Crore in a Financial Year E-Invoicing
Exceeds 500 Crore in a Financial Year QR Code on only Business to Customer (b to c ) Invoice

What types of documents for generation of IRN?

– Business to Business Invoice

– Business to Government Invoices

–  Export Invoices

– Reverse Charged Invoices

–  Debit Notes

–  Credit Notes

Portal on which IRN is to be generated?

–  www.einvoice1.gst.gov.in;

– www.einvoice2.gst.gov.in;

– www.einvoice3.gst.gov.in;

–  www.einvoice4.gst.gov.in;

– www.einvoice5.gst.gov.in;

–  www.einvoice6.gst.gov.in;

– www.einvoice7.gst.gov.in;

– www.einvoice8.gst.gov.in;

–  www.einvoice9.gst.gov.in;

–  www.einvoice10.gst.gov.in.

Who Is responsible for generating IRN?

It’s the responsibility of the supplier, who is required to report to invoice details to the e-invoice system.

Consequences of not generating IRN?

If you fail to generate an IRN for your Invoice than it will be considered as you have not generated an invoice and penalties under various sections of GST will be levied with interest.

For any Further Clarification, Feel Free to Contact

CA AJAY KUMAR MUNDADA – Email id : ajaymundada1998@gmail.com

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