Update as on 8th March 2021
The CBIC has notified that e-invoicing will be applicable from 1st April 2021 for businesses with a turnover of more than Rs.50 crores (in any financial year from FY 2017-18 onwards).
Update as on 1st February 2021
Details from the reported e-invoices are being auto-populated in the GSTR-1 return. However, the GSTN has informed taxpayers that while pulling the e-invoice data into the GST System, details of some invoices were not getting populated into the GSTR-1. A complete data pull is likely to take some more time. Hence, taxpayers are advised not to wait for the complete auto-population of data, and instead proceed with preparing and filing of the GSTR-1, by the due date, based on the data as per their records.
Update as on 29th November 2020
The CBIC issued a notification seeking to waive the penalty imposed on non-compliance of dynamic QR code provisions for B2C invoices between 1st December 2020 and 31st March 2021, provided the eligible registered person complies with these provisions from 1st April 2021.
![Latest Updates on E-Invoicing Latest Updates on E-Invoicing](/img/preview/custom/april2.jpg)
Update as on 10th November 2020
The taxpayers having an aggregate turnover exceeding Rs.100 crore should implement e-Invoicing from 1st January 2021.
Update as on 30th July 2020
- A new refined format of e-invoice has been notified by CBIC adding 20 new fields and removing 13 fields. Certain fields have undergone changes in character length as well.
- e-Invoicing system shall apply to those taxpayers with annual turnover exceeding Rs 500 crore instead of Rs 100 crore.
- Special Economic Zones (SEZ) units shall also be exempted from issuing e-invoices.