GST e Invoicing Requirement, Exclusions and Deadline Extensions by CBIC

CBIC has issued various Central Tax Notifications, regarding GST e Invoicing Requirement, Exclusions/ Exemptions, Reduction on threshold limit of turnover, Deadline Extensions, etc., from time to time, as under:

Government departments and Local Authorities excluded from GST e Invoicing Requirements:

CBIC Central Tax Notification 23/2021 dt. 01/06/2021: CBIC notifies exemption/ exclusion of the ‘Government departments and Local Authorities’ from the requirement of GST provisions relating to issuance of e-invoice for B2B transactions.

Further Reduction in Turnover Limit and Timeline Extension for GST e Invoicing Requirements:

CBIC Central Tax Notification 5/2021 dt. 08/03/2021: CBIC notifies further reduction in the threshold limit of aggregate turnover of Rs. 100 crore to Rs. 50 crore for implementation of GST provisions relating to e invoicing of B2B transactions by certain specified class of registered persons, w.e.f. 01/04/2021.

Reduction in Turnover Limit and Timeline Extension for GST e Invoicing Requirements

CBIC Central Tax Notification 88/2020 dt. 10/11/2020: CBIC notifies reduction in the threshold limit of aggregate turnover of Rs. 500 crore to Rs. 100 crore, for implementation of GST provisions relating to e invoicing of B2B transactions by certain class of registered persons, w.e.f. 01/01/2021.

Exports included for GST e Invoicing Requirements:

CBIC Central Tax Notification 70/2020 dt. 30/09/2020: CBIC includes ‘Exports’ for the purpose of implementation of requirements of e invoicing under GST, which were so far applicable to ‘supply of goods or services or both’ by certain specified class of registered persons, in terms of CGST Rule 48(4). Also the criteria of aggregate turnover in a ‘financial year’ has been amended to turnover in ‘any preceding financial year from 2017-18 onwards’.

SEZ Units excluded and Threshold Turnover Limit increased for GST e Invoicing Requirements:

CBIC Central Tax Notification 61/2020 dt. 30/07/2020: CBIC further excludes/ exempts SEZ Units from the class of registered persons required to implement GST e-invoicing provisions. Also, the threshold limit of Rs. 100 crores turnover has been increased to Rs. 500 crore turnover.

Insurance company, Banking company including NBFC, Financial Institution, Goods/ Passengers Transporters, Cinema Halls/ Multiplexes, etc. excluded from GST e Invoicing Requirements:

CBIC Central Tax Notification 13/2020 dt. 21/03/2020: CBIC notifies extension upto 01/10/2020, of deadline for commencing preparation of e-invoice/ other documents, in line with CGST Rule 48(4), in respect of supply of goods/ services by certain registered persons having aggregate turnover of above Rs. 100 crores, as against the earlier prescribed deadline of 01/04/2020. Also CBIC excludes/ exempts the class of registered persons referred to in sub-rules (2), (3), (4) and (4A) of CGST Rule 54 (i.e. Insurance company, Banking company including NBFC, Financial Institution, Goods/ Passengers Transporters, Cinema Halls/ Multiplexes, etc.).

GST e Invoicing Requirements Applicable from 01/04/2020:

CBIC Central Tax Notification 70/2019 dt. 13/12/2019: CBIC notifies the class of registered persons (having turnover exceeding Rs. 100 crore in a financial year) who shall comply with the e invoicing requirement (i.e. preparing invoice electronically at the GST portal) for B2B supplies of goods or services or both, w.e.f. 01/04/2020, in terms of CGST Rule 48(4), as recommended by the GST Council.

Related Posts:

Rule 48 of CGST Rules 2017: Manner of Issuing Tax Invoice [CGST Rule 48(4) for e-Invoice]

Rule 54 of CGST Rules 2017: Tax Invoice in Special Cases [Excluded class of registered persons referred to in sub-rules (2), (3), (4) and (4A) of CGST Rule 54, from e Invoicing requirement]

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