Central regulation
E-Invoicing under GST
Generation of B2B invoices via the GST Invoice Registration Portal is mandatory for registered taxpayers whose aggregate turnover in any preceding year from FY 2017-18 onwards exceeded Rs 5 crore. Each invoice gets a unique Invoice Reference Number (IRN) and QR code.
Definition
Generation of B2B invoices via the GST Invoice Registration Portal is mandatory for registered taxpayers whose aggregate turnover in any preceding year from FY 2017-18 onwards exceeded Rs 5 crore. Each invoice gets a unique Invoice Reference Number (IRN) and QR code.
- SourceCBIC Notification 13/2020-CT, as amended (latest 10/2023-CT) — Para 1 (Threshold reduced to Rs 5 cr w.e.f. 01.08.2023)einvoice1.gst.gov.in
What it means in practice
E-Invoicing under GST is administered by GSTN / CBIC. The obligation is grounded in CBIC Notification 13/2020-CT, as amended (latest 10/2023-CT) (Para 1 (Threshold reduced to Rs 5 cr w.e.f. 01.08.2023)).
Exemptions: SEZ units (not developers), insurers, banks, transporters, multiplex cinemas. NIC 1, 2 and 3 portals can be used interchangeably.
- SourceCBIC Notification 13/2020-CT, as amended (latest 10/2023-CT) — Para 1 (Threshold reduced to Rs 5 cr w.e.f. 01.08.2023)einvoice1.gst.gov.in
Triggers (applicability predicates)
These predicates are evaluated by Compliance Radar's applicability engine against a business profile to decide whether this rule applies.
gst_registered=trueaggregate_turnover>=50000000
Deadlines and penalty
Cadence: ongoing
Penalty for default: Invoice without valid IRN is treated as no invoice — recipient denied ITC, supplier liable for penalty under Sec 122 (Rs 10,000 or tax due).
Citations
- SourceCBIC Notification 13/2020-CT, as amended (latest 10/2023-CT) — Para 1 (Threshold reduced to Rs 5 cr w.e.f. 01.08.2023)einvoice1.gst.gov.in