Central Tax Notifications 68-72/2019
The Central Government just recently made changes to the Rules regulating the manner of issuing the tax invoices by issuing Notifications 68/2019 to 72/2019 on 13th December 2019. Here are the key takeaways to note which could change the manner you issue tax invoices.
Notification 68 notifies of sub-rules (4), (5) & (6) after sub-rule (3) of Rule 48 which specify that a class of registered persons to prepare invoices containing particulars contained in FORM GST INV-01 after obtaining an Invoice Reference Number from the Common Goods and Services Tax Electronic Portal.
An Invoice not issued in the prescribed manner by a registered person to whom this sub-rule applies shall not be treated as an invoice. Also, the Provisions of sub-rule (1) & (2) of Rule 48 shall not apply to an invoice prepared in the manner specified in sub-rule (4).
The notification came into force on 13th December 2019.
Notification 69 notifies the following websites of Common Goods and Service Tax Electronic Portal(s) for the purpose of creating invoices in the manner specified in sub-rule (4) of Rule 48, which shall come into force with effect from 1st Jaunary 2020:
(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
Notification 70 specifies that every registered person whose aggregate turnover in a financial year exceeds one hundred crores shall prepare invoice in terms of sub-rule (4), which shall come into force from 1st April 2020.
Notification 71 specifies that sub-rule (5) of Rule 46 as notified in Notification 31/2019, which specified that tax invoice to have a Quick Response (QR) Code, dated 28th June 2019 shall come into force on 1st April 2020.
Notification 72 notifies that an invoice issued registered person having turnover exceeding Five hundred Crores to an unregistered person (B2C invoice) shall have a Quick Response (QR) Code.
However, where such registered person makes a Dynamic Quick Response (QR) code available to the recipient through a digital display, such B2C invoice issued by such registered person containing cross-reference of the payment using a Dynamic Quick Response (QR) code, shall be deemed to be having Quick Response (QR) code.
This notification shall come into force on 1st April 2020.