E-invoice is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the electronic Einvoicing system, a unique identification number will be issued against every invoice by the Invoice Registration Portal (IRP) managed by the GSTN.
From October 01, 2022, if the aggregate turnover exceeds Rs. 10 Crores in any preceding financial year starting from 2017-18, then the e-invoicing provisions are applicable as per the provisions of Rule 48(4) of CGST Rules, 2017. (Notification No.17/2022 Central Tax dated 01/08/2022).
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