TaxTMI 
TaxTMI 
TaxTMI 
E - Invoicing
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.... - Invoicing<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 12-11-2020 Last Reply Date:- 13-11-2020 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>XYZ (Proprietory Concern) owning sweet shops and having more than ₹ 100 Crore turnover in a financial year. Most of their supplies are to B To C and very few i.e. 5 to 10 transactions in a month are to B To B. Are they requir....
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....ed to start e - invoicing from 01.01.2021 for B To B supplies only or for all the transactions i.e. B To C as well as B to B or since B To B is very negligible, they need not follow e - invoicing system? Reply By Rajagopalan Ranganathan: The Reply: Sir, As per Notification No.13/2020- Central Tax dated 21st March, 2020 - "registered person, other than [a Special Economic Zone unit and]1 t....
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....hose referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the said rules, whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds five hundred crore rupees / [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 o....
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....r services or both to a registered person or for exports. The only condition is both supplier and recipient are registered under CGST Act, 2017. In respect of B@C transaction if both the supplier and recipient are registered than e-invoice is applicable. Reply By Ganeshan Kalyani: The Reply: Sir, the taxpayer is required to do e-invoicing for their B2B supply and for B2C it is not required. ....
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....In my view, in GST , B2B means supply to a registered taxpayer and B2C means supply to an unregistered taxpayer. Reply By KASTURI SETHI: The Reply: I support the views of both experts. I further clarify that when we talk of 'recipient' as a registered person, it is very much clear like sunshine that the said recipient is registered for the purpose of business. Sh.Ganeshan Kalyani has al....
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....so cleared this point on the same page<br> Discussion Forum - Knowledge Sharing ....