E-Invoicing is mandatory for every registered person in GST, whose Aggregate Annual Turnover (PAN Based) in any preceding financial year from 2017- 18 onwards, exceeded the prescribed limit. The E-invoicing was first introduced from 1st Januray,2021 for persons having aggregate turnover more than Rs. 100 Crore. Further, this turnover limit was reduced in phased manner like Rs. 50 Crore from 1st April,2021, then Rs. 20 Crore from 1st April,2022, Rs. 10 Crore applicable from 1st October,2022 and in last, Rs. 5 Crore applicable from 1st August,2023.
• The notified persons should upload specified particulars on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN). The invoice issued should contain the IRN with QR Code.
• Any invoice, issued by a notified person without IRN or QR Code, shall not be treated as an invoice & the receiver is not entitled to claim GST Input for the same.
• The supply receiver should check in the starting of every financial year on the GST portal whether the E-invoice is mandatory for their suppliers or not. Further, every invoice from the notified supplier should have a valid IRN & QR code, otherwise GST inputs wouod not be allowed for the same.
• The E-invoice is mandatory for the Sales Invoices, Debit Notes & Credit Notes issued to any registered persons, SEZ supplies & Exports. The e-invoice is not required for B2C supplies, NIL rated or wholly-exempt supplies.