Einvoice in GST new rule 20Cr
This query is : Resolved
01 March 2022
Sir/Mam,
If Merchant Exporters turnover as follows:
2017-18 6 Cr
2018-19 9 Cr
2019-20 7 Cr
2020-21 21 Cr
2021-22 2 Cr till now
As per new notification who crossed 20 cr turnover previous year einvoice is applicable mentioned, it is applicable to proprietorship firm as per above turnovers.
if applicable exporters einvoice procedure plz explain .
Thanking you,
If Merchant Exporters turnover as follows:
2017-18 6 Cr
2018-19 9 Cr
2019-20 7 Cr
2020-21 21 Cr
2021-22 2 Cr till now
As per new notification who crossed 20 cr turnover previous year einvoice is applicable mentioned, it is applicable to proprietorship firm as per above turnovers.
if applicable exporters einvoice procedure plz explain .
Thanking you,
01 March 2022
Yes, it's applicable from 1st April 2022.
Q.1 Please clarify whether exports would require e-invoice compliance.
Ans: Yes.
Reason. The e-invoice schema also caters to the export invoices as well. The e-invoice schema is based on most common standard, this will help buyer’s system to read the e-invoice.
Q.1 Please clarify whether exports would require e-invoice compliance.
Ans: Yes.
Reason. The e-invoice schema also caters to the export invoices as well. The e-invoice schema is based on most common standard, this will help buyer’s system to read the e-invoice.
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02 March 2022
Thank you sir for your reply, The einvoice in INR or USD
02 March 2022
Yes e-invoicing will apply in your case because turnover during FY 2020-21 is more than 20 crores.
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02 March 2022
Export invoice should be in USD.
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03 March 2022
Thank you sir for your reply in GSTR1 we file INR Values, If we prepared in einvoice in USD, what about GSTR1
Thanking you,
Thanking you,
04 March 2022
File GSTR 1 with equivalent INR value.
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