As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN).
After following above ‘e-invoicing’ process, the invoice copy containing inter alia, the IRN (with QR Code) issued by the notified supplier to buyer is commonly referred to as ‘e-invoice’ in GST.
Because of the standard e-invoice schema (INV-01), ‘e-invoicing’ facilitates exchange of the invoice document (structured invoice data) between a supplier and a buyer in an integrated electronic format.
Please note that ‘e-invoice’ in ‘e-invoicing’ doesn’t mean generation of invoice by a Government portal.
Supplies to registered persons (B2B), Supplies to SEZs (with/without payment), Exports (with/without payment), Deemed Exports, by notified class of taxpayers are currently covered under e-invoice. For further details on e-invoicing click here.
GST e-invoicing mandatory for tax payers with turnover > Rs 20 crore
CBIC had vide Notification No. 01/2022 – Central Tax dated 26th February 2022 reduced the turnover threshold from Rs.50 Crores to Rs.20 Crores for the Applicability of GST E-invoicing, with effect from April 1, 2022. For details in this regard click here.
Thus e-Invoicing is mandatory for the taxpayers with annual turnover more than Rs.20 crores from 1st April 2022.
How to check eligibility
The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the facility to Taxpayers to check his eligibility of E-Invoicing on GST Portal.
The taxpayer can check his eligibility for e-Invoicing by following steps:
- Go at Search
- Click on ‘e-Invoice Status of Taxpayer’
- Mention your GST Number
- Enter Captcha code
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Frah Saeed is a law graduate specializing in the core field of indirect taxes and is the Co-founder of taxwallah.com. She has authored many publications on GST and is into full-time consultancy on GST to big corporates. She as a part of taxwallah.com heads a team comprising of Chartered Accountants and Advocates and plays a key role in our mission to disseminate GST knowledge to all.
