E-Invoice under GST for turnover above 500 crore, SEZ excluded

CBIC, vide Notification No. 61/2020-CT dated 30.07.2020, notified that the e-invoice shall be mandatory for the registered person whose aggregate turnover in a Financial Year exceeds Rs. 500 Crore and SEZ units are excluded from e-invoicing.

Summary:

1. E-invoicing is mandatory from 1st October 2020.
2. E-invoice shall be mandatory for the registered person whose aggregate turnover in a Financial Year exceeds Rs. 500 Crore.
3. However, irrespective of the turnover, e-invoicing shall not be applicable to the following categories of registered person:

● SEZ (Special Economic Zone) Unit

● Insurer or a banking company or a financial institution, including a NBFC;

● A Goods Transport Agency (GTA);

● A registered person supplying passenger transportation service; and

● A registered person supplying services by way of admission to the exhibition of cinematography films in multiplex screens.

Read Full Notification No. 61/2020-Central Tax

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
Notification No. 61/2020 – Central Tax

New Delhi, the 30th July, 2020

G.S.R…..(E).—In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.13/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 196(E), dated the 21st March, 2020, namely:–

In the said notification, in the first paragraph,

(i) before the words “those referred to in sub-rules”, the words “a Special Economic Zone unit and” shall be inserted;
(ii) for the words “one hundred crore rupees”, the words “five hundred crore rupees” shall be substituted.

[F. No. CBEC-20/13/01/2019-GST]
(Pramod Kumar)
Director, Government of India

Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 13/2020-Central Tax, dated the 21st March, 2020, published vide number G.S.R. 196(E), dated the 21st March, 2020.