E-Invoicing – Rule 48(4) of CGST Rules, 2017

1st August 2022

As per the notification No:17/2022, dated 01.08.2022, the threshold for applicability of E-invoicing has been revised to Rs. 10 crores from the existing Rs. 20 crores. Hence, with effect from 1^st October 2022, the provisions of e-invoicing is applicable for all registered persons having aggregate turnover exceeding Rs. 10 crores.

• It is nothing but uploading details of an invoice in Form GST INV-01 on the Invoice registration portal (IRP) and generating an Invoice reference number (IRN).
• The system of E-invoicing is notified under Rule 48(4) of CGST Rules, 2017.

• The registered persons are still required to generate an invoice like they always do while making a supply.
• In addition to the above, the registered persons are also required to upload the details of the same in Form GST INV-01 on the Invoice registration portal (IRP) and generate an Invoice reference number (IRN).
• The generated E-invoice containing the IRN & QR code should be given to the customer.

Frequently Asked Question

1. My turnover is greater than Rs. 20 crores, can I issue a normal invoice to the customer and then comply with the E-invoicing provisions at a later stage?

No, If E-invoicing provisions under section 48(4) is applicable for you, every invoice issued in any manner other than the manner specified (i.e. E- invoice along with QR code and IRN) shall not be treated as a valid invoice.

• It is applicable to all registered persons having aggregate turnover exceeding 20 crores during any of the FY from 2017-18 to 2021-2022
• The aggregate turnover includes the turnover of all GSTINs under a single PAN, across India.

• Invoices
• Credit notes
• Debit notes

• Supplies to registered persons (i.e. B2B transactions).
• Supplies to SEZ (with/without payment).
• Export (with/without payment).
• Deemed Exports.

Frequently Asked Question

2. When more than one GSTINs are available for same PAN, is it mandatory to issue e-invoice for transaction between them (i.e. Transaction between distinct persons)?

Yes, E-invoice is mandatory for supply of goods or services or both to a registered person. Distinct persons (i.e. persons with same PAN but different GSTIN) are also considered registered persons and hence e-invoicing is applicable.

• SEZ Units
• Insurance
• Banking [including NBFCs]
• Goods Transport Agency [transporting goods by road in goods carriage]
• Passenger Transport Services
• Multiplex Cinema Admissions

• No, e-invoice is not applicable to exempted or nil rated supplies. For such cases only bill of supply is issued.

Frequently Asked Question

3. Is e-invoice applicable to reverse charge transactions?

Under the Reverse charge transaction, the recipient needs to generate the invoice and needs to register the same on the portal.

• The e-invoice data gets auto populated in the GSTR-1 of the supplier. The supplier is allowed to edit the auto populated data.
• In case the e-invoice is cancelled, the auto-populated details will be removed from GSTR-1, automatically and such details are shown in GSTR 1 under the cancelled invoices check box.
• The details of the e-invoice, also gets auto populated in the GSTR-2A of the recipient.
• The details are also sent to the e-way bill system.

• IRN should be cancelled within 24 hours from the time of generation of IRN.
• IRN cannot be cancelled if an e-way bill is connected with it or when an officer has verified it during transit.
• Amendments are not possible on IRN.

• 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 (the line item having highest taxable value)
• Invoice Reference Number (IRN)
• Date of generation of IRN

Frequently Asked Question

4. How to verify the authenticity or correctness of e-invoice?

QR code will enable Offline verification of invoices using Mobile App, Verify ‘QR Code App’.

OR

The e-invoice can be verified by uploading the signed JSON file or Signed QR code into einvoice1.gst.gov.in

Yes. IRP can reject an invoice.

• The application will be rejected if the same invoice was reported earlier and already exists in the GST system.
• The portal will perform other key validations in respect of the application, In case of failure, the IRN won’t be generated and invoice will be rejected along with relevant error codes & reasons for rejection.