Electronic Invoice E-Invoice Rules and Notification

 

Vide Notification No.   68/209=CT dated 13/12/2019 Sub Rule 4 of Rule 48 of Central GST Rules was inserted making provisions for issue of Electronic Invoice (E-Invoice) which read as under:-

 

“48(4) The invoice shall be prepared by such class of registered persons as may be notified by the Government, on the recommendations of the Council, by including such particulars contained in FORM GST INV-01 after obtaining an Invoice Reference Number by uploading information contained therein on the Common Goods and Services Tax Electronic Portal in such manner and subject to such conditions and restrictions as may be specified in the notification”

 

With effect from 1^st October 2020, condition for issue of E-invoice was fixed Rs 100 crore for registered persons whose aggregate turn over in a financial year exceed  100 crore. 

With effect from 1/3/2021 vide notification 5/2021-CT dated 8.3.2021  turn over limit was reduced to 50 crore 

With effect from  1/4/2022 vide notification 1/2022-CT dated 24.2.2022 the sais turn over limit has been reduced to 20 crore.