Invoice compliance for high-turnover suppliers mandatory under rule 48 for supplies to registered persons from Oct 1. Registered persons with aggregate turnover exceeding one hundred crore rupees, excluding those covered by specified sub rules of rule 54, are required under sub rule (4) of rule 48 to prepare invoices and other prescribed documents for supplies of goods or services to registered persons; the notification supersedes the earlier Notification (03/2020) and takes effect from 1 October 2020.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Invoice compliance for high-turnover suppliers mandatory under rule 48 for supplies to registered persons from Oct 1.
Registered persons with aggregate turnover exceeding one hundred crore rupees, excluding those covered by specified sub rules of rule 54, are required under sub rule (4) of rule 48 to prepare invoices and other prescribed documents for supplies of goods or services to registered persons; the notification supersedes the earlier Notification (03/2020) and takes effect from 1 October 2020.
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