E invoice and credit note

[Harshit Sanghvi]

Dear Members,

For E invoice applicability whether aggregate turnover after sales returns, credit notes to be considered or value before Credit notes.

Please guide

Thanks

[DR.MARIAPPAN GOVINDARAJAN]

In my view before credit notes.

[KALLESHAMURTHY MURTHY K.N.]

Dear Sir,

As per the e-way bill rules, an e-way bill is required to be carried along with the goods at the time of transportation, if the value is more than Rs.50,000/-. So any goods in transit, its value is to be mentioned in the e-Way bill along with the invoice, delivery challan etc. Credit Notes must declare the value of return goods

[Shilpi Jain]

Net of GST credit notes to be considered as the taxable value reduces to that extent.

AI Summary

E-invoice applicability: whether aggregate turnover is calculated before or after credit notes affects invoicing and reporting obligations. E-invoice applicability hinges on whether aggregate turnover is computed before or after sales returns and credit notes; contributors propose three operative approaches: treat turnover before credit notes, ensure e-way bill and transport documents declare consignment and returned goods values, or treat taxable value net of GST credit notes.