GST E-invoice Query..............

[milan bamal]

The warehouse is in the company's name, and the monthly rent of Rs. 60 lakh (without GST) will start from April.

No Other Income Only rental income

The rental income for the entire year will exceed the e-invoice threshold limit before the end of the year

So should I start e-invoicing from April or from when?

[KALLESHAMURTHY MURTHY K.N.]

Sir,

As you know, e-invoicing is mandatory once your aggregate turnover exceeds Rs. 5 crore in a financial year. In my view, e-invoicing is to start from the month when your accumulated rental income crosses the threshold limit.

[Raam Srinivasan Swaminathan Kalpathi]

Dear Querist

e-invoicing is only mandatory when your turnover exceeds Rs.5 crores in any previous year from 2017-18. Thus if your past years turnover is below the mandated threshold then e-invoice will be applicable only from 2027-28, as the threshold will be crossed in 2026-27.

[KASTURI SETHI]

Q. So should I start e-invoicing from April or from when?

Ans. From the date of crossing threshold limit for issuance of e-invoice.

[Shilpi Jain]

Why is there no GST on the rental of 60L per month?

[Shilpi Jain]

If in any of the previous financial years from 2017-18 onwards, your aggregate turnover has not exceeded Rs. 5crs then you need not issue e invoice in this FY even if you T/O crosses said limit in this year.

If in any year the aggregate turnover crosses the above limit, from next year you will have to start issuing e invoice for your tax invoices, credit notes and debit notes.

AI Summary

E-invoicing threshold under GST determines when compliance starts, with differing views on the date turnover crosses the limit. E-invoicing under GST was discussed in relation to when aggregate turnover crosses the prescribed limit. The replies stated that e-invoicing becomes mandatory once turnover exceeds the threshold, with one view that if the taxpayer had not crossed that limit in any previous financial year from 2017-18 onwards, it would apply only from the next financial year even if the limit is crossed during the current year. Another view stated that e-invoicing should begin from the date or month of crossing the threshold.