CBIC exempts certain class of registered persons from issuing e-invoices and the date for implementation of e-invoicing extended to October 01, 2020

Mar 30, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on March 23, 2020, exempts certain class of registered persons from issuing e-invoices and the date for implementation of e-invoicing extended to October 01, 2020.

Therefore, CBIC notifies registered person, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the Central Goods and Services Tax Rules, 2017, which specifies that tax invoice can be issued in special cases, whose aggregate turnover in a financial year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice and other prescribed documents, in respect of supply of goods or services or both to a registered person.

This notification shall come into force from October 01, 2020.

[Notification No. 13/2020– Central Tax]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.