E-invoicing Under GST

 

The CBIC has notified that e-invoicing will be applicable from 1st April 2022 for businesses with a turnover of more than Rs.20 crores (in any financial year from FY 2017-18 onwards).

Below chart shows for which documents e-invoicing is required.




*Bill of Supply means supplied made of exempted goods or services.


Irrespective of the turnover, e-Invoicing shall not be applicable to the following  as notified in CBIC Notification No.13/2020 – Central Tax:

1.    An insurer or a banking company or a financial institution, including an NBFC

2.    A Goods Transport Agency (GTA) A registered person supplying passenger transportation services

3.    A registered person supplying services by way of admission to the exhibition of cinematographic films in multiplex services.

4.    Input Service Distributor.

An SEZ unit (excluded via CBIC Notification No. 61/2020 – Central Tax.

More read :

https://taxunlock.blogspot.com/2022/03/gst-provisions-for-selling-through.html

https://taxunlock.blogspot.com/2022/02/registration-under-gst.html

https://taxunlock.blogspot.com/2021/12/gst-payable-on-notice-pay-recovery.html

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