Dear Friends
1. Can we generate e-invoice after 24 hours of issuing bill in system
2. Can we generate e-invoice after 24 hours of generating e-way bill of the same invoice
Regards
3 Replies
sabyasachi mukherjee
(27574 Points)
Replied 16 September 2022
E invoicing is compulsory in case of certain kind of assesses where the invoicing has reached to a certain extent value wise.
Deepa B
(Practicing Chartered Accountant )
(573 Points)
Replied 16 September 2022
1. Yes. e-invoice can be generated after 24hours from generation of commercial invoice from the entity's ERP. But nowadays most of the customers demand for e-invoice when they are aware that suppliers are liable to e-invoicing. Because without IRN, an invoice is not considered as a valid invoice and it may adversely affect recipient's input tax credit claim.
2. Yes. Practically e-invoice can also be generated after generation of e-way bill. In that case during movement of goods, the transporter has to carry ERP generated invoice along with e-way bill.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 17 September 2022
As per Law if E-invoice is applicable to you , then as per Rule 48(5) of CGST Act, the valid invoice to supply is E-invoice.
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
