TMI BlogE - InvoicingX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 required 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 nee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 those 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xceeds 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 or 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 res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pect 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. In my view, in GST , B2B means supply to a registered taxpayer and B2C means supply to an unregistered taxpayer. - Reply By KASTURI SETHI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he 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 also cleared this point on the same page - E - Invoicing - Query Started By: - Kaustubh Karandikar Dated:- 12-11-2020 Goods and Servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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