E-Invoicing & Dynamic QR Code – The Ultimate GST MASTER SUMMARY

E-Invoice & Dynamic QR Code — Master Summary

All rules, thresholds, exemptions, penalties, latest advisory and more, packed in ONE place!

E-INVOICE AND DYNAMIC QR CODE UNDER GST – MASTER SUMMARY!!

1.     Legal Provisions & Framework

2.     Applicability Based on Turnover (AATO)

• Turnover threshold is to be checked for any financial year from FY 2017-18 onwards. ONCE APPLICABLE, ALWAYS APPLICABLE
• If turnover exceeds threshold in current year, e-invoicing becomes applicable from the next FY.
• However, A Taxpayer having TO below 5 crore can VOLUNTARILY Opt for Einvoice using: https://einvoice1.gst.gov.in/Home/Enablement

3. Exemptions for E-Invoicing

4. Recent Advisory (w.e.f. 01-Apr-2025)

• 30-day time limit to report invoice on IRP for AATO > ₹10Cr [ Eg: Inv dt 01-Apr must be reported by 30-Apr]
• CAUTION: IRN generation on a later date is only a facilitation by NIC Portal. However, if goods are intercepted during transit, only a valid e-invoice (not normal invoice) is accepted as per Rule 48(5).
• Non-reporting = No IRN generation =Invoice not valid

5.   Requirement of Dynamic QR Code on B2C Invoices – w.e.f. 1^st Apr 2021(after multiple extensions)

• For Registered Person having AATO > 500 CR for any FY starting from 2017-18 onwards
• Not Applicable on Insurer, Banking Company or a Financial Institution, GTA, Passenger Transportation Service Provider, Cinema and Multiplex, OIDAR services providers,
• If the supplier digitally displays a Dynamic QR Code and the B2C invoice contains a payment reference (transaction ID, UPI reference, etc.) linked to it, the invoice shall be deemed to have a QR Code

5. Transaction Type wise E-invoice Applicability Status

7. Different Ways to Generate E-invoice

• Use Bulk Generation Excel Utility > Create Json > Manually Upload on https://einvoice1.gst.gov.in/
• Use Excel Based Gepp Tool which stores your Recipient and HSN Data & Generate IRN
• Fill Data Directly Online on “Gepp-On website” (without creating and uploading Json) on https://einv-apisandbox.nic.in/gepp/#/
• Use Accouting software with Direct API Integration (Such As TallyPrime, Zoho, SAP, Miracle etc)
• GePP-On download link for Android/iOS mobile: https://gepp.einvoice1.gst.gov.in/downloads/MobileAppDownloads.html
• E-invoice verifier App: https://play.google.com/store/apps/details?id=com.chrgraj.eInvoice_verifier

8. Cancellation & Amendments

• CANCELLATION:
• IRN can be cancelled within 24 hours (from the time of generation of IRN)
• However, if the e-way bill is active & verified by officer during transit, cancellation of IRN not permitted.
• Once Cancelled, the same Invoice Number can not be used again to generate IRN
• AMENDMENTS:
• Amendments are not possible on IRP.
• Any changes in the invoice details reported to IRP can be carried out on GST portal (while filing GSTR-1) CAUTION: In such amendment, there will be diff. between E-Invoice data vs GSTR-1 data.

9. Penal Provisions

• Penalty for Non-Generation of E-waybill 20000 Or Tax Evaded Whichever is Higher [Sec 122(1)(i)].
• General penalty of up to ₹25,000 u/s 125 may be applicable for Non Compliance of B2C Dynamic QR Code.

10. Other Essential Aspects

• IRN PDF Storage: Portal allows download of IRN PDF only for 3 days. Store & back up immediately after generation.
• If supplier is liable to generate an e-invoice but fails to do so, the Input Tax Credit (ITC) claimed by the recipient will be under question!!

Link to PDF https://bit.ly/E-Invoice-Summary