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Query for einvoice

12 May 2023

Suppose in a year my total turnover was 5.5 crore and goods return was 90 thousand then net sale was 4.60 crore, will I have to create e-invoice from 01/08/2023

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6 Replies

Yasaswi Gomes new (Finance ) (4545 Points)
Replied 12 May 2023

When you file for gstr 1, it includes debit and credit note details. And people usually raise einvoices whenever there is a moment of goods. Year end also they upload einvoices. I think thats how it is.

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sabyasachi mukherjee (27642 Points)
Replied 12 May 2023

Yes issue e invoice.

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 12 May 2023

No.......

Note : In any preceeding fy from 2017-18 to 2022-23 if your Agrregate Turnover is exceeded 5crore then E-invoice is applicable on you from 01/08/2023.

CA Altamush Zafar (GST Consultant) (15983 Points)
Replied 13 May 2023

In your above given example your turnover has not exceeded 5 crores. Also check whether your pan wise turnover exceeded 5 crores in any of the FY from 2017-18 to 2022-23. If yes then e-invoicing will have to be commenced from 1/08/2023

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sabyasachi mukherjee (27642 Points)
Replied 13 May 2023

Yes the taxable person has not mentioned the financial year in which e invoice is being required to be issued. There is nothing wrong .

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pankaj (advocate) (349 Points)
Replied 13 May 2023

I believe it will be applicable as it has mentioned "Aggregate turnover" in the notification. In accordance with the notification dated 10th May 2023, the e-Inovice is applicable to you as of 1st August 2023. Another thing that is very important to remember is the aggregate turnover of Rs.5 crore in any previous financial year starting from 2017-18 as per notification no. 70/2020 CGST. By using this calculator, you can also check whether e-Invoices are applicable or not. https://alerttax.in/einvoice-applicability-calculator/

Thanks