Summary of Notifications issued by the CBIC for E-invoice and QR code
On 13 December 2019, Central Board of Indirect taxes and Customs (CBIC) issued procedure for notified registered person for issuing GST invoices. CBIC issued five Central Tax notifications to make these changes effective on 13.12.2019, i.e. Notification No. 68/2019–Central Tax to Notification No. 72/2019–Central Tax. Through such notifications CBIC notifies the class of registered person required to issue QR Code GST invoices, Rule 46 of CGST Rules, 2017 (Tax Invoice) wef 01.04.2020, Class of registered person required to issue e-invoices under GST and common e-invoice portal under GST. CBIC has also amended manner of issuing GST invoices.
The core of these notifications are as follows-
Notification No. 68/2019 – Central Tax
A new sub-rule (4) of Rule 48 of the CGST Rules 2017 is inserted on 13 December 2019 vide notification no. 68/2019. The rule says Government may notify such class of registered persons who are required to generate and issue e-invoices:
- by including such particulars as contained in FORM GSTINV-01; and
- by uploading the information contained in Invoice Reference Number to the Common Goods and Services Tax Electronic Portal; and
- in such manner as required; and
- subject to such conditions and restrictions.
Notification No. 69/2019 – Central Tax
Simultaneously to give effect to this new e-invoicing system, on 13.12.2019, CBIC issued a further notification No. 69/2019 specifying that w.e.f. 1 January 2020 following portals will be used to prepare such e-invoices:
Notification No. 70/2019 – Central Tax
Although the system will be effective w.e.f. 01.01.2020, but another Notification No. 70/2019–Central Tax is released on 13.12.2019, stating that in the case of B2B supplies made by a registered individual whose aggregate turnover exceeds one hundred crore rupees in a financial year, the E-Invoices will be compulsory with effect from 1 April 2020. In other words,
E- invoices in B2B cases:
– facility provided from 1 January 2020
– mandatory from 1 April 2020
Notification No. 71/2019 – Central Tax
The effective date of the changes notified by Notification No 31/2019 – Central Tax is April 1, 2020. Notification No 31/2019 contains the Central Goods and Services Tax (Fourth Amendment) Rules, 2019 which includes the two major amendments related to E-invoice
Rule 46: Tax invoice
Inserted sixth proviso – Generation of QR code for tax invoice
Rule 49: Bill of supply
Inserted fourth proviso – Generation of QR code for tax invoice.
Notification No. 72/2019 – Central Tax
CBIC issued Notification No. 72/2019 – Central Tax specifying that w.e.f. 01.04.2020 all registered taxpayer having an aggregate turnover in the financial year above Rs 500 crores is required to issue tax invoice containing Quick Response (QR) Code to unregistered taxpayers.
Invoice Containing Dynamic Quick Response code provided to the recipient through a digital display for cross-reference of the payment will be considered as same as a Quick Response (QR) code.
Summary of the notifications issued on 13th December 2019 –
|Notification No. 68/2019–Central Tax||Amendments in CGST Rules,2017|
|Notification No. 69/2019–Central Tax||Notified the 10 Common portal for e-invoice purposes|
|Notification No. 70/2019–Central Tax||Notified the registered person category that is required to issue e-invoice for B2B.|
|Notification No. 71/2019–Central Tax||Gave effect to the provisions of Rule 46 of the CGST Rules, 2017|
|Notification No. 72/2019–Central Tax||Notified the class of registered person required to issue QR Code invoices.|
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