Simple note on E Invoice

 

Simple note on E Invoice

Right now, for more than 500 crores TO. WEF 1.1.2021 – above 100 crores TO

E-Invoice

·       API (Application Programming Interface):

·       JSON = Java Script Object Notation:

·       IRN = Invoice Reference Number

Applicable to Which Transactions

·       Taxable B2B Supply of Goods or Services Including B2G sales

·       For B2C sales separate provisions of Dynamic QR Code are applicable. 

·       Export

·       Inter GSTIN Transfer same PAN

·       RCM Invoices by supplier if he is notified for e-Invoice.

Not Applicable to which Transactions

·       B2C sales For B2C sales separate provisions of Dynamic QR Code are applicable

·       Sales of GST Exempt products by taxpayer to which E-invoice is applicable

·       Materials sent for or returned after job work.

·       Intra GSTIN Transfer Same PAN

Applicability to Documents

·       Invoice

·       Debit Note

·       Credit Note

It is not applicable to

·       Delivery challan.

·       RCM self-invoices

·       Receipt for Advance payment for Service