E-Invoices under GST
The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January 2020.
Who is liable to prepare e-invoices?
Registered person, whose aggregate turnover in a financial year exceeds one hundred crore (Rs. 20 Crore w.e.f. 01/04/2021)* rupees, as a class of registered person who shall prepare e-invoice.
Is there any facility to prepare e-invoices?
The
Common Goods and Services Tax Electronic Portal for the purpose of preparation of the invoice:
Common Goods and Services Tax Electronic Portal for the purpose of preparation of the invoice:
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.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
#http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-69-central-tax-english-2019.pdf
Is there any format of e-invoice?
The invoice shall be prepared in FORM GST INV-01 after obtaining an Invoice Reference Number by
uploading information contained therein on the Common Goods and Services Tax Electronic
Portal
uploading information contained therein on the Common Goods and Services Tax Electronic
Portal
#http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-68-central-tax-english-2019.pdf
Quick Response (QR)code
E-invoice issued by a registered person, whose aggregate turnover in a financial year exceeds five hundred
crore rupees, to an unregistered person (B2C) shall have QR Code