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
- When SEZ Developer is Supplier, only IGST is applicable irrespective of Supplier State code and POS Code.
- 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.