Quick reference to E-invoices under GST-Recent notifications

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E-Invoices under GST

E-invoices under GST-Recent notifications

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:

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
#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
#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

How to check my GSTN is enabled for e-invoicing?
The taxpayer can check his eligibility of e-Invoicing at Option Search -> 'e-Invoice Status of Taxpayer' of the e-Invoice portal [https://einvoice1.gst.gov.in/].

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