Changes in e-invoice validations

Posted on by CMA Bhogavalli Mallikarjuna Gupta

e-invoice is implemented from 1st Oct 2020 for taxpayers having turnover above ₹ 500 crores and the same has been reduced to ₹ 100 crores from 1st Jan 2021 and from 1st April 2021 to ₹ 50 crores.

Following are the changes announced in e-invoice validations during June 2021

  1. When SEZ Developer is Supplier, only IGST is applicable irrespective of Supplier State code and POS Code.
  2. In these cases, no need to set ‘IGSTonIntra’ flag to ‘Y’ (which would have mandated RCM = ‘Y’) since this is not applicable.

It has been rolled out in a very swift manner and without any hiccups.

GST Tip – 330

Posted on by CMA Bhogavalli Mallikarjuna Gupta

In GSTR – 3B, the tax implications on the credit notes, debit notes & purchases from unregistered dealers which are falling under RCM have to be reported and paid, in case of f the taxpayer has missed all these documents, they can upload the same in GSTR – 1 and GSTR – 2 and this will automatically get updated in the GSTR – 3 and the tax liability can be settled and be GST compliant.