The CBIC vide 70/2020-Central Tax dated 30/09/2020 has notified the Goods and Service Tax(GST) e-invoicing is applicable if the turnover is more than 500 crores in any of the last three Financial Years. The CBIC also clarified that, e-Invoicing is also applicable for Export Invoices.
"An invoice issued by a registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of said rules, and registered person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017, to an unregistered person (hereinafter referred to as B2C invoice), shall have Dynamic Quick Response (QR) code*: Provided that where such registered person makes a Dynamic Quick Response (QR) code* available to the recipient through a digital display, such B2C invoice issued by such registered person containing cross-reference of the payment using a Dynamic Quick Response (QR) code, shall be deemed to be having Quick Response (QR) code.”
*Implementation of requirement of Dynamic QR Code on B2C invoices deferred to 1st December 2020 vide Notification 71/2020-Central Tax dated 30.09.2020
NOTIFICATION
New Delhi, the 30th September, 2020
No. 70/2020 – Central Tax
G.S.R. 596(E).—In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated 21st March, 2020, namely:- In the said notification, in the first paragraph, -
(i) for the words "a financial year", the words and figures "any preceding financial year from 2017-18 onwards" shall be substituted;
(ii) after the words "goods or services or both to a registered person", the words "or for exports" shall be inserted.
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