CBIC notifies provisions of implementation of GST e-invoice and QR Code

CBIC notifies provisions of implementation of GST e-invoice and QR Code As per new provisions notified by CBIC, B2B invoices to be E-Invoices and B2C invoices to have QR Code. To make these changes CBIC issued five Central Tax notifications on 13.12.2019 i.e. Notification No. 68/2019–Central Tax to Notification No. 72/2019–Central Tax. The Notifications are as follows:

Notifications	Subject
72/2019-Central Tax ,dt. 13-12-2019	Seeks to notify the class of registered person required to issue invoice having QR Code.
71/2019-Central Tax ,dt. 13-12-2019	Seeks to give effect to the provisions of rule 46 of the CGST Rules, 2017.
70/2019-Central Tax ,dt. 13-12-2019	Seeks to notify the class of registered person required to issue e-invoice.
69/2019-Central Tax ,dt. 13-12-2019	Seeks to notify the common portal for the purpose of e-invoice.
68/2019-Central Tax ,dt. 13-12-2019	Seeks to carry out changes in the CGST Rules, 2017.

Summary of these notifications are as follows: [caption id="attachment_85361" align="aligncenter" width="829"] CBIC notifies provisions of implementation of GST e-invoice and QR Code[/caption] Notification No. 68/2019 – Central Tax ,dt. 13-12-2019

• The E-invoice shall be prepared by such class of registered persons as may be notified by the Government
• It will be prepared in FORM GST INV-01
• Tax payer is required to obtain an Invoice Reference Number by uploading information contained therein on the Common Goods and Services Tax Electronic Portal.

Notification No. 69/2019-Central Tax ,dt. 13-12-2019 The Common Goods and Services Tax Electronic Portal for the purpose of preparation of E-invoice are:- (i) www.einvoice1.gst.gov.in; (ii) www.einvoice2.gst.gov.in; (iii)www.einvoice3.gst.gov.in; (iv) www.einvoice4.gst.gov.in; (v) www.einvoice5.gst.gov.in; (vi) www.einvoice6.gst.gov.in; (vii) www.einvoice7.gst.gov.in; (viii) www.einvoice8.gst.gov.in; (ix) www.einvoice9.gst.gov.in; (x) www.einvoice10.gst.gov.in. The above mentioned websites will be managed by the Goods and Services Tax Network. Notification No. : 70/2019-Central Tax ,dt. 13-12-2019 ,dt. 13-12-2019 Registered person, whose aggregate turnover in a financial year exceeds one hundred crore rupees shall prepare E-Invoice in respect of supply of goods or services or both to a registered person Notification No. : 71/2019-Central Tax ,dt. 13-12-2019 ,dt. 13-12-2019 Provisions of E- Invoice to be applicable from 1st day of April, 2020 Notification No. : 72/2019-Central Tax ,dt. 13-12-2019 Registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees shall have Quick Response (QR)code on invoices issued to unregistered person https://youtu.be/D-uJr3bC764 Tags : GST, GST Notifications, E-Invoice For Regular Updates Join : https://t.me/Studycafe