The document discusses e-invoicing requirements in India. Key points: - E-invoicing means reporting invoice details to the Invoice Registration Portal for authentication and generating a unique invoice reference number. - Certain businesses must issue e-invoices based on their aggregate turnover over the past three fiscal years, starting with businesses over Rs. 500 crore from October 2020 and over Rs. 100 crore from January 2021. - The e-invoicing process involves uploading invoice details to the portal which validates the details, generates a QR code and digitally signs the e-invoice. The QR code must be printed on the invoice.

1. E-Invoicing means reporting the details of B2B Invoices,
Credit notes, and debit notes to the Invoice Registration
Portal (IRP) for electronic authentication by the GSTN.
For every Invoice, an Unique Invoice Reference Number
(IRN) shall be generated.
It does not mean generation of Invoice on the
Government Portal
What is E-Invoicing?
E - INVOICING
Applicability of E-Invoicing
Aggregate Turnover
in any of 3 Preceeding FYs
(2017-18 to 2019-20)
Applicable From Applicable To
More than Rs 500 Crore 01-10-2020
More than Rs 100 Crore 01-01-2021
B2B Supplies,
Supply to SEZ,
Exports
Deemed Exports
Aggregate Turnover is computed on "PAN Basis". Aggregate Turnover includes all outwardAggregate Turnover is computed on "PAN Basis". Aggregate Turnover includes all outward
supplies made during the year.supplies made during the year.
E- Invoicing system is not applicable for B2C Transactions.E- Invoicing system is not applicable for B2C Transactions.
Recipients who engage in transactions with Parties for whom E-Invoicing is applicable shallRecipients who engage in transactions with Parties for whom E-Invoicing is applicable shall
ensure that the invoices received are validated in IRP & QR Code is generated.ensure that the invoices received are validated in IRP & QR Code is generated.
Note :Note :
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2. PROCESS OF E-INVOICING
Supplier
IRP(Portal)
1) Download
Offline Excel
Utility from
IRP
2) Enter the
details of the
Invoice in
Utility
IRP Validates and
Generates IRN
Sends Back the digitally
signed E-Invoice as JSON
Supplier shall issueSupplier shall issue the invoice alongthe invoice along
with the QR Codewith the QR Code
QR Code needs to be printed on the faceQR Code needs to be printed on the face
of the Invoice. QR Code shall not beof the Invoice. QR Code shall not be
printed separatelyprinted separately
No need of issuing Invoices inNo need of issuing Invoices in
Duplicate/ TriplicateDuplicate/ Triplicate
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3) Validation
of the details
and preparing
JSON file
4) Seller
Uploads
the JSON File
to IRP
Does Duplication
check in GST Portal
Digitally signs and
Adds QR Code to
E- Invoice
Points to be NotedPoints to be NotedPoints to be Noted

3. Disclaimer : Although we endeavour to provide accurate information, there can be no guarantee that the
information is accurate in future. PKC will not accept any responsibility for loss occassioned to any person
acting or refraining from action as a result of the material in this publication
info@pkcindia.com | +91 98401 30516
For a Live Demo on How E-Invoicing works (or)
For a Live Query answering session, Reach us at
Follow us @pkcconsulting on
+91 98401 30516 info@pkcindia.com www.pkcindia.com
Recipients can verify the contents and authenticity of the Invoice using the QR
Code Scanner
Prakash Kochar
Partner
prakash@prakashkochar.com
Swetha Kochar
Partner
swetha@pkcindia.com
OTHER IMPORTANT POINTS
My Business Turnover is less than Rs 100 Crore. What are the things to be taken
care while transacting with parties for whom E-Invoicing is applicable?
Recipients can avail Input Tax Credit (ITC) only if they obtain a valid E-Invoice with
QR Code from the supplier for whom E-Invoicing is applicable
Benefits of E-Invoicing
Autopopulation of Details in GST Returns
Cost reduction in terms of Paper Elimination
Easy Generation of E-Way bills