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R.R.JAGADEESAN, GST PRACTITIONER WELCOMES YOU TO "ABHIVIRTHI" WITH LATEST UPDATES ON GST - GOODS AND SERVICES TAX ACT, IGST - INTEGRATED GOODS AND SERVICES TAX ACT, CGST- CENTRAL GOODS AND SERVICES TAX ACT, SGST - STATE GOODS AND SERVICES TAX ACT, UTGST - UNION TERRITORY GOODS AND SERVICES TAX ACT WITH NOTIFICATIONS, CIRCULARS, FORMATS, GST TAX RATES,PRESS RELEASES, HSN CODES AND OTHER INFORMATION FOR BUSINESS SECTOR AND INDUSTRIAL SECTOR AND SERVICE SECTOR, PRIVATE BANKS, PUBLIC SECTOR BANKS, PUBLIC SECTOR UNDERTAKINGS, STAKEH0LDERS, ACADEMICIANS, STUDENTS AND CHARTERED ACCOUNTANTS AND GST PRACTITIONERS WITH COMPLETE GUIDELINES FOR ONLINE REGISTRATION, ONLINE RETURN FILING, ONLINE PAYMENT AND ONLINE GENERATION OF CERTIFICATES IN GST PORTAL (www.gst.gov.in) As per the Notification No. 78/2020 dated 15th Oct 2020, the tax payers, having Aggregate Annual Turn Over (AATO) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and other tax payers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills with effect from 1st October, 2023.-----GSTR-2B WILL BE AVAILABLE IN THE AFTERNOON OF 14TH AS ITS GENERATION COMMENCES AFTER END OF DUE DATE OF GSTR-1/IFF FILING ON 13TH TAXPAYERS MUST FURNISH 4 DIGIT HSN CODES AND 6 DIGIT HSN CODES IF THE AGGREGATE TURNOVER IN THE PRECEDING FINANCIAL YEAR IS BELOW RUPEES 5 CRORES AND ABOVE RUPEES 5 CRORES RESPECTIVELY AND 8 DIGIT HSN CODES IF THE GOODS ARE EXPORTED IRRESPECTIVE OF QUANTUM OF TURNOVER THANK YOU VERY MUCH FOR YOUR VISIT AND BOOKMARKING THIS BLOGSPOT FOR FREQUENT VISITS-----SHARE THE ARTICLES WITH YOUR COLLEAGUES AND FRIENDS USING PRINT FRIENDLY OPTION AVAILABLE ON THE RIGHT SIDE-----TO VIEW MORE ARTICLES PLEASE VISIT AGAIN AND AGAIN. ABHIVIRTHI R.R.JAGADEESAN அபிவிருத்தி R.R.ஜெகதீசன் अभिविरथी R.R.जगदीसन
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Saturday, March 28, 2020

E-invoice for taxpayers whose aggregate turnover exceeds Rs.100/Rs.500 Crores with Dynamic Responce Code with date of coming into force


E-INVOICE FOR TAXPAYERS WHOSE AGGREGATE TURNOVER EXCEEDS Rs.100 CRORES AND Rs.500 CRORES WITH DYNAMIC RESPONSE CODE


The Goods and Services Tax Act, 2017 came into force with effect 1.7.2017 in India.

https://abhivirthi.blogspot.com/2020/04/e-invoice-for-taxpayers-whose-aggregate.html



The Central Government has introduced e-invoice portals into to reduce the last minute traffic in common GST Portal as shown below:

(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.

The Central Government has notified that  registered person, whose aggregate turnover in a financial  year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice in terms of sub-rule (4) of  rule 48 of the said rules in respect of supply of goods or services or both to a registered person.

The Central Government has stated that the above procedure comes into force with effect from the 1st day of April, 2020,

The Central Government has now notified that the registered person, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the said rules, whose aggregate turnover in a financial year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice and other prescribed documents, in terms of sub-rule (4) of rule 48 of the said rules in respect of supply of goods or services or both to a registered person.

The Central Government has now notified that an invoice issued by a registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of said rules, and registered person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017, to an unregistered person (hereinafter referred to as B2C invoice), shall have Dynamic Quick Response (QR) code:


Provided that 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.

The Central Government has notified the date of coming into force of above rules as 1.4.2020.

Now the Central Government has notified that the date of coming into force of above rules and procedures as 1.10.2020 instead of 1.4.2020.

The relevant Notifications issued by the Central Government are given below for ready reference:

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i)]


Government of India Ministry of Finance Department of Revenue
Central Board of Indirect Taxes and Customs

Notification No. 69/2019 Central Tax


New Delhi, the 13th December, 2019



G.S.R....(E).- In exercise of the powers conferred by section 146 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule(4) of rule 48 of the Central Goods and Services Tax Rules, 2017 and section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby, notifies the following as the Common Goods and Services Tax Electronic Portal for the purpose of preparation of the invoice in terms of sub-rule(4) of rule 48 of the aforesaid rules, namely:-



Explanation.-For the purposes of this notification, the above mentioned websites mean the websites managed by the Goods and Services Tax Network, a company incorporated under the provisions of section 8 of the Companies Act, 2013 (18 of 2013).



2. This notification shall come into force with effect from the 1stday of January, 2020.

[F. No. 20/13/01/2019-GST] (Ruchi Bisht)
Under Secretary to the Government of India

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section(i)]
Government of India Ministry of Finance Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 70/2019 – Central Tax

New Delhi, the 13th December, 2019


G.S.R. …..(E). In exercise of the powers conferred by sub-rule (4) to rule 48 of the Central Goods  and  Services  Tax  Rules,  2017,  the  Government,  on  the  recommendations  of the Council, hereby notifies  registered person, whose aggregate turnover in a financial  year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice in terms of sub-rule (4) of  rule 48 of the said rules in respect of supply of goods or services or both to a registered person.


3.        This notification shall come into force from the 1st day of April, 2020.

[F. No. 20/13/01/2019-GST] (Ruchi Bisht)
Under Secretary to the Government of India



[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

Government of India Ministry of Finance Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 71/2019 Central Tax


New Delhi, the 13th December, 2019



G.S.R. …..(E).In exercise of the powers conferred by rule 5 of the Central Goods and Services Tax (Fourth Amendment) Rules, 2019, made vide notification No. 31/2019 Central Tax, dated the 28th June, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 457(E), dated the 28th    June,2019, the Government, on the recommendations of the Council, hereby appoints the 1st day of April, 2020, as the date from which the provisions of the said rule, shall come into force.



[F. No. 20/13/01/2019-GST] (Ruchi Bisht)

Under Secretary to the Government of India




[To  be  published  in  the  Gazette  of  India,  Extraordinary,  Part  II,  Section  3,  Sub- section(i)]
Government of India Ministry of Finance Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 13/2020– Central Tax

New Delhi, the 21st March, 2020


G.S.R. …..(E).— In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017(hereinafter referred as said rules), the Government on the  recommendations  of  the  Council,  and  in  supersession  of  the  notification  of  the Government of India in the Ministry of Finance, Department of Revenue No. 70/2019 – Central   Tax,   dated   the  13th   December,   2019,   published   in   the  Gazette   of   India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 926 (E), dated the 13th December, 2019, except as respects things done or omitted to be done before such supersession, hereby notifies registered person, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the said rules, whose aggregate turnover in a financial year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice and other prescribed documents, in terms of sub-rule (4) of rule 48 of the said rules in respect of supply of goods or services or both to a registered person.


2.        This notification shall come into force from the 1st October, 2020.



[F. No.20/06/03/2020-GST]




(Pramod Kumar) Director, Government of India




[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i)]

Government of India Ministry of Finance Department of Revenue
Central Board of Indirect Taxes and Customs

Notification No. 14/2020– Central Tax

New Delhi, the 21st March, 2020


G.S.R. …..(E).— In exercise of the powers conferred by the sixth proviso to rule 46 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), the Government, on the recommendations of the Council, and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 72/2019 – Central Tax, dated the 13th  December, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 928(E), dated the 13th  December, 2019, except as respects things done or omitted to be done before such supersession, hereby notifies that an invoice issued by a registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of said rules, and registered person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017, to an unregistered person (hereinafter referred to as B2C invoice), shall have Dynamic Quick Response (QR) code:


Provided that 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.


2.      This notification shall come into force from the 1st day of October, 2020.



[F. No.20/06/03/2020-GST]





(Pramod Kumar) Director, Government of India

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