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| E-Invoice and QR Code made compulsory for Class of Taxpayer under GST |
CBIC has introduced multiple Notifications on 13th December 2019 notifying the provisions of E-Invoices and QR Code on E-Invoices.
Notification 68-2019 - Introduction of E-Invoices
1. The government has introduced a system of E-invoices.
2. This notification has added sub-rule 4 to Rule 48 to introduce the E-Invoices for the class of Person as may be notified in the times to come.
3. Such E-invoice Form shall be named as GST INV - 01.
4. Subrule 1 and 2 of Rule 48 which states that triplicate/Duplicate copies of Invoices shall be required, Will not apply to the cases where E-invoices will be made compulsory.
Notification 69-2019 - Notifying websites for E-Invoices
For the preparation of E-Invoices as required in Rule 48(4) as introduced by Notification no. 68/2019, Government has notified the following 10 websites.
(i) www.einvoice1.gst.gov.in;
(ii) www.einvoice2.gst.gov.in;
(iii) www.einvoice3.gst.gov.in;
(iv) www.einvoice4.gst.gov.in;
(v) www.einvoice5.gst.gov.in;
(vi) www.einvoice6.gst.gov.in;
(vii) www.einvoice7.gst.gov.in;
(viii) www.einvoice8.gst.gov.in;
(ix) www.einvoice9.gst.gov.in;
(x) www.einvoice10.gst.gov.in
This notification (Websites) Shall come into effect from 1st April 2020.
It looks like the GST department is planning to divide the load of millions of Invoices prepared on these websites by the introduction of multiple websites. It is yet not clear how these websites will work,.i.e. each assessee shall be assigned only one website to prepare the E-Invoice or anyone can prepare e-Invoice on any of the websites.
Notification 70-2019 - Notifying class of Person for E- Invoices
For the preparation of E-Invoices as required in Rule 48(4) as introduced by Notification no. 68/2019, Government has notified that only person having turnover more than Rs. 100 Crores in the preceding financial year shall be liable for the preparation of E- Invoices.
This notification shall come into effect from 1st April 2020.
It looks like that having seen a roller coaster ride in the first two years of GSTN, the GST department is taking a safer route of the phased implementation of E-Invoicing. In time to come this 100 crore limit may go down to Rs. 50 crores or 25 crores or even 10 Crores.
Notification 71-2019 - QR Code requirement on Invoice
GST Amendment Rules ( Fourth Amendment) 2019 as per Notification number 31/2019 specifies that QR Code shall be required for Invoices for the notified persons from notified date.
This notification notifies the date 1st April 2020 from when QR code shall be mandatory for a specified class of persons to be notified.
Notification 72-2019 - QR Code requirement on Invoice
GST Amendment Rules ( Fourth Amendment) 2019 as per Notification number 31/2019 specifies that QR Code shall be required for Invoices for the notified persons from notified date.
This notification notifies that From 1st April 2020, any person having a turnover above Rs. 500 Crore shall issue the invoice with QR code for each B2C invoice.
