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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,

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.

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.

02 March 2022 Export invoice should be in USD.

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,

04 March 2022 File GSTR 1 with equivalent INR value.



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