GST e-invoicing: Guidelines for taxpayers having Aggregate turnover between 50 cr. and 100 cr.

The Central Board of Indirect Taxes and Customs (CBIC) has vide Notification No. 05/2021- Central Tax dated 8th March, 2021 reduced the aggregate turnover limit for the purpose of applicability of GST E-invoicing from Rs.100 Crores to Rs.50 Crores with effect from April 1, 2021.

In regard to the above, guidelines have been issued on 16th March 2021 for taxpayers having aggregate turnover between Rs. 50 Cr. and 100 Cr. The guidelines are given below:

1. Your GSTINs are enabled for e-Invoicing.
2. Registration and login to the system is now open for your GSTINs.
3. You may prepare and register the live invoices in the e-Invoice portal.
4. E-Invoice Bulk Tools may be downloaded for preparing JSON and IRNs may be generated.
5. e-way bills may be generated for your IRNs.
6. You may also register for e-Invoice APIs

Please note that in Production environment, the IRNs and e-Way Bills generated will be real and valid, they will not be discarded

E-Invoice API Access Mechanism

• Through ‘Companies having direct Access to APIs:– If the tax payer has tie up or using the ERP of the ‘Company which has direct access to API, then he/she can use the API through that company. The GSTIN (Tax Payer) generates his own username and password and gets the access to API using the Client Id and Client Secret of the Company, which has access.
• Tax Payers having access to E-Way Bill APIs:– If the tax payer has direct access to E-Way Bill APIs, then he/she can use the same Client Id, Client Secret, username and password to get the access to e-Invoice system.
• Through GSPs:– The GSTIN (Tax Payer) generates his own username and password and ties up with GSPs to get the access to API using the Client Id and Client Secret of the GSPs.
• Through ERPs:– The GSTIN (Tax Payer) generates his own username and password and ties up with ERPs to get the access to API using the Client Id and Client Secret of the ERPs.

Also Read: GST E-invoicing: Answers to 10 FAQs you should know

For Guidelines Click here

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TW Editorial Team

TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.