GST E-Invoicing Guide for Business T.O. 20CR with Exemption

Knowledge of GST E-Invoicing

Since October 2020, e-invoicing is executed in a phased manner. The history of e-invoicing is mentioned as:

Latest Update

05th April 2022

• The CBIC Chennai and Bengaluru Directorate General of Taxpayer Services (DGTS) will be organized the webinar about an overview of E-invoicing processes and technical system-related aspects. Click Here to Join Webinar

16th March 2022

• The new mandatory rule of E-Invoicing for ATTO>20Cr from 1st of April 2022 has started from 16th March in testing mode on the portal. View More

24th February 2022 Update 

The CBIC has reported that e-invoicing under GST would be applicable from 1st April 2022 for businesses with a turnover exceeds Rs.20 crores for a fiscal year from FY 2017-18 onwards) Notification No. 01/2022 Central Tax dated 24/02/2022 for the business-to-business transaction. (Change in Notification no. 13/2021 Central Tax Dated 01/05/2021).

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GST E-Invoicing System Documents as Follows-

• Invoices
• Credit Notes
• Debit Notes
• Export
• Any other document mentioned beneath GST law is to be reported as an e-invoice through the creator of the document. 

E-Invoices Under GST Exemption Form

A) Entity Level: Whatever would be the turnover, e-invoicing is subjected to apply for the mentioned class of the enrolled individual which is reported in CBIC notification No.13/2020 – Central Tax:

• An insurer or a banking company or a financial institution, including an NBFC
• A Goods Transport Agency (GTA)
• A registered person supplying passenger transportation services
• A registered person supplying services via admission to the exhibition of cinematographic films in multiplex services.
• Input Service Distributor.
• An SEZ unit (excluded via CBIC Notification No. 61/2020 – Central Tax)

B) Transaction Level:-

• E-Invoicing is not applicable for import Bills of Entry. 
• Business to consumer Transactions. 
• Non-GST Supplies (Alcoholic Liquor, Petrol, and others).

C) Documents Level: The mentioned documents that did not come beneath the e-invoicing system are

• Bill of Supply 
• Self-Invoice in case of RCM u/s 9(4) 
• Delivery Challan 
• Advance Receipts Voucher.

GST E-invoices Cancellation/Amendment

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Can an e-Invoice be cancelled Partially/Fully?

An e-invoice would not be cancelled partially and is to be cancelled fully. Once it gets cancelled the same would be required to be notified in IRN in 24 hours. On IRN a cancellation performed post 24 hours would not be completed and required to be manually cancelled on the GST portal prior to furnishing the returns. 

Amendment Method of the GST E-invoice?

All revisions are for the e-invoice and would be performed only on the GST portal.

GST E-invoices to Obtain Enrolled Available Modes?

Various modes would be made available to get the e-invoices enrolled on the invoice Registration Portal (IRP). Some of the proposed modes are:

• Web-based
• API based
• Offline tool based
• GSP based 

Notification List as Per CBIC for the GST e-invoices System

Notification No. (Central Tax) Key Contents 68/2019

Central Goods and Services Tax (Eighth Amendment) Rules Inserted below new sub-rules in Rule 48 of CGST Rules, 2017: (4) the invoice would be made through the same class of the enrolled individual which is reported via government on the suggestion of the administration, and through engaging these particulars inside Form GST INV-01 post availing invoice reference number through uploading the information resides in it on the Common Goods and Services Tax Electronic Portal in a way and as per the conditions and limitations mentioned in the notification.

An individual who provides any invoice for whom the sub-rule(4) has been applied in a way excluding the way mentioned in the prescribed sub-rule will be seen as an invoice. E-INVOICE – FAQ (VERSION 1.3) 3 of 21 EE- 

The provisions of sub-rules (1) and (2) are not applicable to an invoice made in the way mentioned in sub-rule(4). 

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GST Notification No. 69/2019

The mentioned 10 common goods and services tax electronic portals towards the goal of preparation of the invoice for rule 48(4) 

GST Notification No. 70/2019

The mentioned enrolled individual whose average turnover in the financial year is more than 100 cr as a class of enrolled individuals who would make the invoice in the term of the sub-rule (4) of rule 48 of the given rules for the goods or services supply or both to the enrolled individual, notification would be subjected to apply from 1st day of April 2020 this notification replaced by 13 of 2020 Dt. 21-3-2020

Notification No. 2/2020 Under GST

Substituted Form GST INV-1 as e-invoice schema (Schema further amended vide Notification 60/2020 Dt. 30-7-2020)

Notification No. 13 of 2020 (in suppression of 70/2019)

From 1st October 2020 e-invoicing will begin: It mentioned that the enrolled individuals excluding those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the mentioned rules whose average turnover in the fiscal year is more than Rs 100 cr as a class of enrolled individual who makes the invoice and the additional mentioned documents under sub-rule (4) of rule 48 of CGCT Rules, 2017 for goods or services supply or both to the enrolled individual. Subsequently revised by 61/2020 Dt. 30-7-2020)

Notification No. 60/2020 Under GST

• Central Goods and Services Tax (Ninth Amendment) Rules, 2020 
• New form replaced for GST INV-01 (i.e. notified revised Schema/format for e-invoice) 7. Notification No. 61/20

GST Notification No. 61/2020

• Notification No. 13 of 2020 Dt. 21-3- 2020
• Special Economic Zone units indeed would be removed from the e-invoicing compulsion
• Aggregate turnover of the enrolled individuals needed to make the invoices under Rule 48(4)) rectified to Rs. 500 Cr

Notification No. 70/2020

• “The words a financial year in notification 13/2020 Dt. 21-3-2020 replaced from “any financial year from 2017-18 onwards”
• The invoices for the exports were indeed engaged.

GST Notification No. 72/2020

• In rule 46, after clause (q), the below clause is inserted: “(r) Quick Reference code, having embedded Invoice Reference Number (IRN) in it, in case invoice has been issued in the manner prescribed under sub-rule (4) of rule 48.”
• n rule 48, in sub-rule (4), below proviso was inserted: “Provided that the Commissioner may, on the recommendations of the Council, by notification, exempt a person or a class of registered persons from issuance of invoice under this sub-rule for a specified E-INVOICE – FAQ (VERSION 1.3) 4 of 21 Period, subject to such conditions and restrictions as may be specified in the said notification.”
• In rule 138A, for sub-rule (2), below sub-rule was substituted: “(2) In case, the invoice is issued in the manner prescribed under sub rule (4) of rule 48, the Quick Reference (QR) code having an embedded Invoice Reference Number (IRN) in it, may be produced electronically, for verification by the proper officer in lieu of the physical copy of such tax invoice.”

Notification No. 05/2021 Central Tax

CBIC reported that e-invoicing would be subjected to apply from 1st for businesses whose turnover exceeds Rs 50 crore in any fiscal year from FY 2017-18.

Notification No. 01/2022 Central Tax

CBIC reported that e-invoicing would be subjected to apply from the date 1st April 2022 for the businesses whose turnover exceeds Rs 20 cr in any fiscal year from FY 2017-18. 

Tax Invoice in Special Cases

(2) In which the supplier of the taxable services would be the insurer or a banking company or a financial institution, including a non-banking financial company, the mentioned supplier might provide the consolidated tax invoice or any additional document in place of the same, whatever the name it is said towards the services made in a month at the finish of the month, whether provided or made available, physically or electronically whether or not serially numbered and “whether or not containing the address of the recipient of taxable service but containing other information as mentioned under rule 46. [Provided that the signature or digital signature of the supplier or his authorized representative shall not be required in the case of issuance of a consolidated tax invoice or any other document in lieu thereof in accordance with the provisions of the Information Technology Act, 2000 (21 of 2000).]”

(3) in which the supplier of the services subject to tax comes beneath the goods transport agency who provides the services concerning to the goods transportation through the road in the carriage of the goods, the mentioned supplier provides the tax invoice or any additional document in place of the same, by any name it is said having the gross weight of the consignment, name of the consignor and the consignee, enrollment number of goods carriage where the goods are to be transported, the information related to the place of origin and the destination, goods and services tax identification number of the individual responsible to furnish the tax as a consigner, consignee or goods transport agency, and indeed poses additional details as noted under rule 46.

(4) In which the supplier of taxable service is a supplying passenger transportation service, a tax invoice would consist of the ticket in any form by whatever name called, whether or not serially numbered and whether or not include the address of the recipient of service however it consists of more details prescribed beneath rule 46. 

Given that the signature or digital signature of the supplier or his authorized representative would not be needed if the case of the issuance of the ticket follows the provisions of the Information Technology Act, 2000 (21 of 2000).]

[(4A) With the help of admission to the exhibition of the cinematograph films on multiplex screens an enrolled individual supplying the services would be needed to provide an electronic ticket and the given electronic ticket will be deemed to be a tax invoice for all objectives of the act despite when this ticket would not have the information of the recipient of service however secures the additional information as given beneath rule 46: “Provided that the supplier of such service in a screen other than multiplex screens may, at his option, follow the above procedure.]”