E-invoicing mandatory from 1 April 2020 for businesses with turnover above INR 1 billion
The government has notified the implementation of e-invoicing under the GST law to specified class of persons with effect form 1 April 2020.
Persons with turnover above INR 1 billion to undertake e-invoicing
Registered persons with aggregate turnover in a financial year exceeding INR 1 billion must undertake e-invoicing with respect to supply of goods or services or both to a registered person (i.e. B2B supplies) from 1 April 2020.
Quick Response code on B2C invoices
?Registered persons with aggregate turnover in a financial year exceeding INR 5 billion are required to have a Quick Response (QR) code on their invoices issued to an unregistered person i.e. (B2C invoices) with effect from 1 April 2020.
However, a registered person can make available a dynamic QR code through digital display by cross-referencing the payment made by the recipient. In such a case, the corresponding B2C invoice containing such cross-referencing shall be deemed to be having a QR code.