*New FAQs on GST have been released and it’s here..!*
👉 Export of Services and e-Invoice Requirement:
– All invoices for Business-to-Business (B2B) transactions and exports need to be registered under e-Invoicing if you are eligible.
👉 Time Limit for Delivery and E-Waybill Generation:
– There is no specific time limit for delivery of goods or generation of e-waybill in e-Invoicing.
👉 Registration of RCM Invoices:
– All invoices, including Reverse Charge Mechanism (RCM) invoices issued by the supplier, must be registered if you are eligible for e-Invoicing.
👉 GST Application Based on Billing and Shipping Address:
– The type of GST (IGST or CGST/SGST) is determined by the Place of Supply (POS). If the supplier state is the same as POS, CGST/SGST applies; otherwise, IGST applies for B2B transactions.
👉 Generating E-Invoice for Services:
– E-invoices for services can be generated like regular invoices, mentioning the relevant SAC code, unit rate, and quantity.
👉 Timeline for E-Invoice Generation After Manual Invoice Preparation:
– Ideally, e-invoices should be generated after preparing the manual invoice but before issuance to the customer. The system allows registration of invoices for previous periods as well.
👉 Including Freight Charges in E-Invoice:
– Freight charges may be listed as line items if they have a GST component, or under ‘Other Charges’ if not.
👉 Mandatory E-Waybill for Service Invoices:
– E-Waybill is not mandatory for service invoices unless the invoice includes goods and the value exceeds Rs 50,000.
👉 Inclusion of Shipping Bill Details in E-Invoice:
– Yes, shipping bill number and date can be entered in the e-Invoice.
👉 Time Limit for Credit Note Against E-Invoice:
– There is no time limit for preparing credit notes or debit notes against e-Invoices.
👉 Mandatory Details for E-Invoice Preparation:
– Shipping bill number or date is not mandatory for preparing e-Invoices.
👉 E-Invoicing Obligation Based on Turnover:
– E-Invoicing is applicable only if the notified turnover threshold is crossed in the previous years.
👉 Maintaining Regular and Portal-Generated Invoices:
– The invoice sent to the customer must contain the Invoice Reference Number (IRN) and QR Code. Additionally, you may send the regular invoice.
👉 Uploading Invoices Without an ERP System:
– The e-Invoice portal allows suppliers to register invoices without an ERP system. It is a browser-based, user-friendly portal that can also be accessed via mobile application.
👉 E-Invoicing for SEZ Customers:
– E-Invoicing is applicable for Special Economic Zone (SEZ) customers. The transaction type should be specified as SEZWP/SEZWOP by the supplier.
👉 Resolution for Missed Invoice Upload:
– Invoices for previous periods can still be registered if missed initially.
👉 Uploading Digital Signature on E-Invoice Portal:
– Suppliers cannot upload digitally signed invoices to the portal. The e-Invoice system digitally signs the uploaded details and returns them to the supplier.
👉 Accessing Tutorial Videos on E-Invoice System:
– Tutorial videos on the e-Invoice system can be found at specific links provided on the e-Invoice portal.
👉 Placement of QR Code and IRN on E-Invoice:
– There is no specific location for printing the QR Code, IRN, and Acknowledgement number on the invoice, but they should be visible and scannable.
👉 Generating E-Waybill for Train Transport:
– E-Waybills can be generated for train transportation by entering the railway receipt number and date instead of vehicle number.
👉 Handling Special Characters in Document Number:
– Document numbers in e-Invoices should not start with 0, /, or -. Pass the document number without such characters.
👉 Inclusion of Foreign Currency in Export Invoices:
– All invoices registered on the portal should contain values in INR. However, foreign currency may be included in optional fields as per the schema provided.