
Who/What is a GST Suvidha Provider (GSP)?.What is the Quick Response (QR) code in GST e-invoice?.

What is an Invoice Registration Portal (IRP)?.
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Here is a blog where all your question marks turn into full stops. Too many questions are running through your mind and you are searching for where you will get complete clarity for all your doubts. How to identify the applicability of e invoicing for your business? Is it applicable to all your POS Sale bills? Do you think E-Invoice means generating electronic invoices only from the Government GST portal in a stipulated format? Worried that it will be a time-consuming expensive affair due to the latest rule? But from 1st October 2022, as per CBIC notification, the fifth phase of e-invoice applicability made effective for GST taxpayers whose aggregate turnover is more than Rs. Latest news 📢: On 10th May 2023, the Central Board of Indirect Taxes and Customs (CBIC) notified the 6th phase of e-invoicing implementation, which notified that all taxpayers with a turnover of ₹5 crore or more in any financial year from 2017-18 would be required to issue e-invoices from August 1, 2023.Īs a first phase of implementing the e-invoice applicability, generating e invoices became mandatory for businesses with a turnover of 500 crores and above from 1st October 2020.
