- Utkarsh Agrawal
- | Goods and Services Tax - Articles
- 12 Mar 2021
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Roadmap to E-Invoicing for B2B Suppliers
Notification No. 13/2020 dated 21st Mar 2020
♣ E-Invoicing made mandatory for Registered Person having Aggregate Turnover more than 100 crore rupees in a year.
♣ Turnover of current F.Y. shall be consider.
♣ Provision shall come into effect from 1st Oct 2020.
Notification No. 60/2020 dated 30th Jul 2020
A new refined format of e-invoice has been notified by CBIC adding 20 new fields and removing 13 fields. Certain fields have undergone changes in character length as well.
Notification No. 61/2020 dated 30th Jul 2020
- Amendment in original notification no. 13/2020 to increase turnover limit from 100 crore rupees to 500 crore rupees.
Notification No. 70/2020 dated 30th Sep 2020
- Amendment in original notification no. 13/2020 to change determination of turnover from current F.Y. to turnover of any preceding F.Y from 2017-18 onwards.
Notification No. 88/2020 dated 10th Nov 2020
- Amendment in original notification no. 13/2020 read with N. No. 61/2020 to restore turnover limit from 500 crore rupees to 100 crore rupees from 1st Jan 2021.
Notification No. 05/2021 dated 08th Mar 2021
- Amendment in original notification no. 13/2020 to decrease turnover limit from 100 crore rupees to 50 crore rupees from 1st April 2021.
Roadmap to Dynamic QR code on Invoices for B2C Suppliers
Notification No. 14/2020 dated 21st Mar 2020
- Dynamic Quick Response (QR) code made mandatory for Registered Person having B2C supply and Aggregate Turnover more than 500 crore rupees in a year.
- Turnover of current F.Y. shall be consider.
- Provision shall come into effect from 1st Oct 2020.
Notification No. 71/2020 dated 30th Sep 2020
- Amendment in original notification no. 14/2020 to change determination of turnover from current F.Y. to turnover of any preceding F.Y from 2017-18 onwards.
- Applicability of Provision extended from 1st Oct 2020 to 1st Dec 2020.
Notification No. 89/2020 dated 29th Nov 2020
- Waiver of Penalty Provisions in case of non compliance for B2C suppliers for the period Dec – Mar 2021.
- Provided the supplier complies with the provision from 1st April 2021 mandatorily
Mandatory Provisions to be complied from 1st April 2021
| Type of Supplier | Turnover Limit | Mechanism |
| B2B Suppliers | 50 crores in any F.Y from 2017-18 onwards | E-Invoicing |
| B2C Suppliers | 500 crores in any F.Y from 2017-18 onwards | Dynamic QR code |
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Author Bio
Name: Utkarsh Agrawal
Qualification: CA in Practice
Company: D S R V & CO LLP
Location: Gurgaon, Haryana, India
Member Since: 04 May 2017 | Total Posts: 10
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