CBIC notifies the class of registered person required to issue e-invoice

Dec 16, 2019 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on December 13, 2019, notifies the class of registered person required to issue e-invoice,

CBIC, on the recommendations of the Council, notifies registered person, whose aggregate turnover in a financial year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice in terms of rule 48(4) of the Central Goods and Services Tax Rules, 2017 in respect of supply of goods or services or both to a registered person.

Rule 48(4) specifies that “The invoice shall be prepared by such class of registered persons as may be notified by the Government, on the recommendations of the Council, by including such particulars contained in FORM GST INV-01 after obtaining an Invoice Reference Number by uploading information contained therein on the Common Goods and Services Tax Electronic Portal in such manner and subject to such conditions and restrictions as may be specified in the notification”.

This notification will come into force from April 01, 2020.

[Notification No. 70/2019 – Central Tax]


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