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E-Invoicing
Key Features
E-invoicing - Key Features / Key Pointers
S.No Particulars Details
1 E-invoicing Invoice generated on ERP system / Accounting system
+
Invoice Reference Number (IRN) generated on Invoice Registration Portal (IRP)
2 Legal Provisions Rule 48 (4) of CGST Rules governs the applicability of e-invoicing to specified class of persons.
Rule 48 (5) of CGST Rules, 2017, states that if the invoice is not issued as per Rule 48 (4) of CGST Rules, 2017, then the
invoice so issued shall not be valid. In short, invoice without e-invoicing is an invalid invoice
NotificationNo. Description
Turnover limit
&effective
date
Notification No. 70/2019 – Central
Tax dated 13.12.2019
Notified the registered person whose aggregate turnover in
a financial year exceeds INR 100 crores.
100 Crores
Notification No. 13/2020 – Central
Tax dated 21.03.2020 (superseded
the above notification)
Notifiedthe registeredpersonsalongthe registeredpersons
who are exempted (refer to S.No. 3) from the applicability
of e-invoicing.
100 Crores
Notification No. 61/2020 – Central
Tax dated 30.07.2020
Amended the NN 13/2020 – CT dated 21.03.2020.
to include SEZ units in the exemption category (refer
to S.No. 3) and
the aggregate turnover in a financial year has been
enhance from 100 to 500 crores
500 Crores
Notification No. 70/2020 – Central
Tax dated 30.09.2020
Amended the NN 13/2020 – CT dated 21.03.2020.
the term financial year has been substituted with any
preceding financial year from FY 2017 – 18 onwards.
Exports also included in e-invoicing
500 Crores
S.No Particulars Details
Notification No. 88/2020 – Central
Tax dated 10.11.2020
Amended the NN 13/2020 – CT dated 21.03.2020.
Turnover limit has been reduced from 500 Crores to
100 Crores
100 Crores,
(w.e.f
01.01.2021)
Notification No. 5/ 2021 – Central Tax
dated 08.03.2021
Amended the NN 13/2020 – CT dated 21.03.2020.
Turnover limit has been reduced from 100 Crores to 50
Crores
50 Crores,
(w.e.f
01.04.2021)
Notification No. 01/2022 – Central
Tax – Central Tax dated 24.02.2022
Amended the NN 13/2020 – CT dated 21.03.2020.
Turnover limit has been reduced from 50 Crores to 20
Crores
20 Crores,
(w.e.f
01.04.2022)
3 Exempted
categories /
persons
SEZ units
insurer or a banking company or a financial institution, including a non-banking financial company;
GTA supplying services in relation to transportation of goods by road in a goods carriage;
Suppliers of passenger transportation service
Suppliers of services by way of admission to exhibition of cinematograph films in multiplex screens
Note: e-invoice is applicable for SEZ developers
4 Processof e-
invoicing
Registered persons shall raise GST invoices on the Accounting / Billing / ERP systems
Invoices so raised are registered on IRP;
IRP issues e-invoice with IRN after digitally signing the e-invoice and adding a QR code
The e-invoice so generated gets auto-populated on GST portal.
Note: Special validations are performed by IRP and shall not allow any duplicate invoices.
5 Invoice reference
number (IRN)
It is unique reference number (hash), which is unique 64-character hash (i.e., alpha numeric)
No specific time limit to generate IRN. In case of supply of goods, IRN shall be generated before the movement of goods.
S.No Particulars Details
Note: Printing of IRN on invoice is not mandatory as QR code consists of IRN number which is to be printed on the invoice
generate by the taxpayer.
6 QR Code The QR code will consist of the following key particulars of e-invoice:
 GSTIN of Supplier
 GSTIN of Recipient
 Invoice number, as given by Supplier
 Date of generation of invoice
 Invoice value (taxable value and gross tax)
 Number of line items
 HSN Code of main item (line item having highest taxable value)
 Unique IRN (Invoice Reference Number/hash)
 IRN Generation Date
Note: Printing of QR code on the invoice is mandatory
7 Documents
covered under e-
invoicing
Invoice
Debit note
Credit note
8 Suppliescovered
under e-
invoicing
B2B supplies
Supplies made to SEZs (with or without payment of tax)
Export supplies (with or without payment of tax)
Stock transfers
Deemed exports
9 Documents not
covered under e-
invoicing
Invoice issued by ISD
Invoice issued under Section 9(4) of CGST Act (i.e., un-registered persons)
Importof services.
10 Modes for
generationof e-
invoicing
API based
 Integration with the taxpayer’s system directly
 Integration with the taxpayer’s system through ASP / GSP
S.No Particulars Details
Offline utility mode / Bulk generation tool (filling up the details in macros enabled office utility  Validate the entries 
generate JSON  upload JSON on e-invoicing portal  Generated e-invoice)
11 Amendment of e-
invoice
Amendments are not possible on IRP
Any amendments can be done on GSTR – 1. However, there will always be a difference between e-invoice and the returns
filed, which will trigger the tax authorities.
12 Cancellation of e-
invoice
Cancellation shall be made within 24 hours
If an active e-way bill is existing, first the e-way bill shall be cancelled in order to cancel the e-invoice.
Invoicenumberwhich has been cancelledcannot be used for generating anotherIRN. This is because IRN is a unique string
based on Supplier’s GSTIN, Document Number, Type of Document & Financial Year.
Contact us
HYDERABAD DELHI
C- 699A, 1st Floor, Sector-7, Palam
Extn., Dwarka, New Delhi, Delhi
110075
CHENNAI
Old no 19, New no 13B, New
Bangaru colony first Street, KK
Nagar West, Chennai 600078
BANGALORE
90/1, 3rd Floor, Pasha South
Square, Rathavilas Road,
Basavangudi, Bangalore -
560004
MUMBAI
Flat no.3, Plot no.226/227, Sion
East, Mumbai - 400022
Vizag: Level 3, Kupilli Arcade, Akkayyapalem, Visakhapatnam 530016,
Andhra Pradesh
Vijayawada: # 56-11-3, Sri Devi Complex, Y.V.R Street, MG Road, Patamata, Vijayawada, Andhra
Pradesh
Tirupati: H. No: 6-154/1, Syamala Nilayam, Near Water Tank, Akkarampalli, Tirupathi, Andhra Pradesh
Kurnool: #21, Top Floor, Skandanshi Vyapaar, New Bus Stand Road, Kurnool 518 003, Andhra
Pradesh
UAE Address: 2103, Bayswater Tower, Business Bay, Dubai,
UAE
USA Address: SBC LLC, 8 The Green, Suite A in the City
of Dover, Delaware - 19901
Suite 5, Level 3, Reliance Cyber
Ville,, Madhapur, Hitech City,
Hyderabad – 500081
Thank You
www.steadfastconsultants.in
SBC refers to one or more of Steadfast Business Consulting LLP (LLPIN: AAL-1503), a Hyderabad based Limited Liability Partnership, and its network of member firms, branches and affiliates. SBC provides tax, consulting, audit and financial advisory
services to clients within and beyond borders spanning multiple industries. With local connect and expertise put together with global outlook and capabilities, SBC believes in providing holistic solutions to clients tailored to meet business objectives and
address most complex challenges and at the same time be robust, scalable and sustainable from a tax, legal and regulatory standpoint.

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GST - E-invoicing-Key Features.pdf

  • 2. E-invoicing - Key Features / Key Pointers S.No Particulars Details 1 E-invoicing Invoice generated on ERP system / Accounting system + Invoice Reference Number (IRN) generated on Invoice Registration Portal (IRP) 2 Legal Provisions Rule 48 (4) of CGST Rules governs the applicability of e-invoicing to specified class of persons. Rule 48 (5) of CGST Rules, 2017, states that if the invoice is not issued as per Rule 48 (4) of CGST Rules, 2017, then the invoice so issued shall not be valid. In short, invoice without e-invoicing is an invalid invoice NotificationNo. Description Turnover limit &effective date Notification No. 70/2019 – Central Tax dated 13.12.2019 Notified the registered person whose aggregate turnover in a financial year exceeds INR 100 crores. 100 Crores Notification No. 13/2020 – Central Tax dated 21.03.2020 (superseded the above notification) Notifiedthe registeredpersonsalongthe registeredpersons who are exempted (refer to S.No. 3) from the applicability of e-invoicing. 100 Crores Notification No. 61/2020 – Central Tax dated 30.07.2020 Amended the NN 13/2020 – CT dated 21.03.2020. to include SEZ units in the exemption category (refer to S.No. 3) and the aggregate turnover in a financial year has been enhance from 100 to 500 crores 500 Crores Notification No. 70/2020 – Central Tax dated 30.09.2020 Amended the NN 13/2020 – CT dated 21.03.2020. the term financial year has been substituted with any preceding financial year from FY 2017 – 18 onwards. Exports also included in e-invoicing 500 Crores
  • 3. S.No Particulars Details Notification No. 88/2020 – Central Tax dated 10.11.2020 Amended the NN 13/2020 – CT dated 21.03.2020. Turnover limit has been reduced from 500 Crores to 100 Crores 100 Crores, (w.e.f 01.01.2021) Notification No. 5/ 2021 – Central Tax dated 08.03.2021 Amended the NN 13/2020 – CT dated 21.03.2020. Turnover limit has been reduced from 100 Crores to 50 Crores 50 Crores, (w.e.f 01.04.2021) Notification No. 01/2022 – Central Tax – Central Tax dated 24.02.2022 Amended the NN 13/2020 – CT dated 21.03.2020. Turnover limit has been reduced from 50 Crores to 20 Crores 20 Crores, (w.e.f 01.04.2022) 3 Exempted categories / persons SEZ units insurer or a banking company or a financial institution, including a non-banking financial company; GTA supplying services in relation to transportation of goods by road in a goods carriage; Suppliers of passenger transportation service Suppliers of services by way of admission to exhibition of cinematograph films in multiplex screens Note: e-invoice is applicable for SEZ developers 4 Processof e- invoicing Registered persons shall raise GST invoices on the Accounting / Billing / ERP systems Invoices so raised are registered on IRP; IRP issues e-invoice with IRN after digitally signing the e-invoice and adding a QR code The e-invoice so generated gets auto-populated on GST portal. Note: Special validations are performed by IRP and shall not allow any duplicate invoices. 5 Invoice reference number (IRN) It is unique reference number (hash), which is unique 64-character hash (i.e., alpha numeric) No specific time limit to generate IRN. In case of supply of goods, IRN shall be generated before the movement of goods.
  • 4. S.No Particulars Details Note: Printing of IRN on invoice is not mandatory as QR code consists of IRN number which is to be printed on the invoice generate by the taxpayer. 6 QR Code The QR code will consist of the following key particulars of e-invoice:  GSTIN of Supplier  GSTIN of Recipient  Invoice number, as given by Supplier  Date of generation of invoice  Invoice value (taxable value and gross tax)  Number of line items  HSN Code of main item (line item having highest taxable value)  Unique IRN (Invoice Reference Number/hash)  IRN Generation Date Note: Printing of QR code on the invoice is mandatory 7 Documents covered under e- invoicing Invoice Debit note Credit note 8 Suppliescovered under e- invoicing B2B supplies Supplies made to SEZs (with or without payment of tax) Export supplies (with or without payment of tax) Stock transfers Deemed exports 9 Documents not covered under e- invoicing Invoice issued by ISD Invoice issued under Section 9(4) of CGST Act (i.e., un-registered persons) Importof services. 10 Modes for generationof e- invoicing API based  Integration with the taxpayer’s system directly  Integration with the taxpayer’s system through ASP / GSP
  • 5. S.No Particulars Details Offline utility mode / Bulk generation tool (filling up the details in macros enabled office utility  Validate the entries  generate JSON  upload JSON on e-invoicing portal  Generated e-invoice) 11 Amendment of e- invoice Amendments are not possible on IRP Any amendments can be done on GSTR – 1. However, there will always be a difference between e-invoice and the returns filed, which will trigger the tax authorities. 12 Cancellation of e- invoice Cancellation shall be made within 24 hours If an active e-way bill is existing, first the e-way bill shall be cancelled in order to cancel the e-invoice. Invoicenumberwhich has been cancelledcannot be used for generating anotherIRN. This is because IRN is a unique string based on Supplier’s GSTIN, Document Number, Type of Document & Financial Year.
  • 6. Contact us HYDERABAD DELHI C- 699A, 1st Floor, Sector-7, Palam Extn., Dwarka, New Delhi, Delhi 110075 CHENNAI Old no 19, New no 13B, New Bangaru colony first Street, KK Nagar West, Chennai 600078 BANGALORE 90/1, 3rd Floor, Pasha South Square, Rathavilas Road, Basavangudi, Bangalore - 560004 MUMBAI Flat no.3, Plot no.226/227, Sion East, Mumbai - 400022 Vizag: Level 3, Kupilli Arcade, Akkayyapalem, Visakhapatnam 530016, Andhra Pradesh Vijayawada: # 56-11-3, Sri Devi Complex, Y.V.R Street, MG Road, Patamata, Vijayawada, Andhra Pradesh Tirupati: H. No: 6-154/1, Syamala Nilayam, Near Water Tank, Akkarampalli, Tirupathi, Andhra Pradesh Kurnool: #21, Top Floor, Skandanshi Vyapaar, New Bus Stand Road, Kurnool 518 003, Andhra Pradesh UAE Address: 2103, Bayswater Tower, Business Bay, Dubai, UAE USA Address: SBC LLC, 8 The Green, Suite A in the City of Dover, Delaware - 19901 Suite 5, Level 3, Reliance Cyber Ville,, Madhapur, Hitech City, Hyderabad – 500081
  • 7. Thank You www.steadfastconsultants.in SBC refers to one or more of Steadfast Business Consulting LLP (LLPIN: AAL-1503), a Hyderabad based Limited Liability Partnership, and its network of member firms, branches and affiliates. SBC provides tax, consulting, audit and financial advisory services to clients within and beyond borders spanning multiple industries. With local connect and expertise put together with global outlook and capabilities, SBC believes in providing holistic solutions to clients tailored to meet business objectives and address most complex challenges and at the same time be robust, scalable and sustainable from a tax, legal and regulatory standpoint.