![]() This aggregate turnover limit includes the turnover of all GSTINs under a single PAN across India. This combined process is called e-invoicing under GST.Īs per the e-invoicing guidelines, e-invoices are required to be issued by a registered person whose annual turnover exceeds the specified turnover limit, that is Rs 10 Cr at present, concerning the supply of goods or services or both to a registered person (B2B), SEZs, or for exports and deemed exports in any financial year from 2017-18 to 2021-22. Upon completion of successful authentication, a unique Invoice Reference Number (IRN) is generated along with digital authentication signatures, and a QR code for all invoices by the Invoice Registration Portal (IRP). ![]() 10/2023–Central Tax dated May 10, 2023.įor all the organizations falling under the latest 5 Cr e-invoicing limit, this guide will cover everything you need to know for a smooth generation of e-invoicing under GST.Į-invoices are digitally prepared business-to-business (B2B) invoices that follow an e-invoicing format authenticated by the Goods and Services Tax Network (GSTN) to ensure that a common format is being followed before uploading the invoiced on the GST portal. ![]() The turnover limit for e-invoicing is Rs. In April 2021 this limit was further reduced to Rs. This e-invoicing turnover limit was lowered to Rs. In the 35th meeting of the GST Council held on 21st June 2019, the suggestion of an e-Invoicing under GST was coined, which was hence, implemented on October 1, 2020, in a voluntary GST-phased manner for the online generation of B2B e-invoices under GST by the registered person with an annual aggregate turnover of over Rs. Read update on e-Invoicing turnover limit: click here If your annual turnover falls under the 6th wave of e-Invoicing in India, do read this blog. E-Invoicing under GST is mandatory for businesses with an annual turnover above Rs.
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