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Central Goods and Services Tax (Ninth Amendment) Rules, 2020

GST e-invoice limit increased from 100 crores to 500 croroes. Form GST INV-01 has also been revised.

CBIC vide earlier Notification No. 13/2020 dated 21.03.2020 notified the class of registered person having aggregate turnover of more than Rs. 100 crores rupees for the mandatory issuance of e-invoice in the prescribed format.

However CBIC now vide Notification No. 61/2020 dated 30.07.2020 has revised this limit from Rs. 100 crores to Rs. 500 crores. The e-invoice will be effective from 01.10.2020.

The format / schema of e-invoice in FORM GST INV-01 has also been modified vide Central Goods and Services Tax (Ninth Amendment) Rules, 2020.

Reference:

Notification No. 61/2020 dated 30.07.2020

Central Goods and Services Tax (Ninth Amendment) Rules, 2020 dated 30.07.2020

 


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Author:

TaxReply


Aug 4, 2020

Comments


I am unemployed Indian citizen.,I am very agary.india is a very poor country., I am very poor man.so I am very accpect . Indian is a bigger man many people. It's a tire.
By: Manikandan | Dt: Aug 4, 2020
ALWAYS THANKS FOR GST UPDATES, SIR.
By: Mukesh Kumar Pal | Dt: Aug 5, 2020
Your updated news are very much appreciated,
By: Murugan | Dt: Aug 5, 2020


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