E-invoice Mandate: E-invoicing Changes, Exemptions, Documents, Transactions Covered
                     E-invoice Mandate: E-invoicing Changes, 
Exemptions, Documents Covered, 
Transactions and more
E-invoice mandate has been extended to companies with a turnover exceeding 
Rs. 5 crores from August 1, 2023. E-invoicing under GST is crucial for 
organizations now more than ever and the consequences of 
non-compliance with e-invoicing could lead to heavy penalties.
Changes in the E-invoicing Mandate over the years:
The e-invoice mandate began a phased implementation in October 2020, starting 
with companies earning over Rs. 500 crores. It was then extended in January 
2021 to businesses turning over Rs. 100 crores. Eventually, organizations with an 
aggregate turnover of over Rs. 50 crores were also required to follow the mandate 
from April 2021. In a year’s time, in April 2022, it was extended for organizations 
earning over Rs. 20 crores. The latest change in the e-invoice mandate now 
requires companies with a revenue of over Rs. 10 crores to comply with the 
mandate.
GST Notifications & Applicable Dates for E-invoicing Mandates
Turnover GST Notification No. Date Effective From
INR 500 Crores 61/2020 01/10/2020
INR 100 Crores 88/2020 01/01/2021
INR 50 Crores 05/2021 01/04/2021
INR 20 Crores 01/2022 01/04/2022
INR 10 Crores 17/2022 01/10/2022
INR 5 Crores 10/2023 10/05/2023
What if the Turnover Limit in the E-Invoice Mandate is Crossed?
To help streamline the invoicing process of small and medium businesses, the 
latest extension of the e-invoice mandate included organizations with revenues 
over Rs. 10 crores. 
If your business is crossing the e-invoicing turnover limit, then you must ensure 
that your systems and the accounts team is prepared. An e-invoice solutions 
provider is recommended to ease up your execution. 
Read the detailed article to understand better: 
Crossed the e-invoicing turnover limit? Here are 5 things to do next!
What transactions are covered under E-invoicing?
● B2B (Business to Business)
● B2G (Business to Government)
● SEZ developer transactions
● Export transactions – Sales or services to customers outside India.
● Deemed Supply (say to a Distinct person)
● Deemed Exports
● Credit notes
● Debit notes
Are There Any Exemptions from E-invoice Mandate?
According to Rule 48(4), the following classes of people are exempt from the e-
invoice mandate and need not generate an e-invoice under GST.
1. Banks, Insurance Companies, and Financial Institutions including but not 
limited to NBFCs.
2. Goods Transport Agency
3. Passenger Transport Services
4. Supplier of Services by way of admission to the exhibition of films.
5. Special Economic Zones (SEZ) Units. (Note: E-invoicing is applicable to 
Economic Zone Developers)
How Does E-Invoice Under GST Help a Business?
The e-invoice mandate is meant to ease up the legal and financial aspects of a 
business. Its core benefits are:
1. Reduced gap in GST Reconciliation and mismatch errors
2. Reduced data-entry error, since e-invoices can be read on several 
platforms
3. Real-time invoice tracking is possible
4. Faster Input Tax Credits (ITC) verification
5. Reduced fraudulent activities
How is an E-Invoice Under GST Generated?
The taxpayer's system itself generates an invoice, and the invoice data is 
subsequently sent to an Invoice Registration Portal like IRIS IRP for authorization. 
Once authorized, the invoice data is updated with an official digital signature and a 
QR Code along with Invoice Registration Number (IRN). We refer to this as an E-
Invoice.
You can use IRIS IRP to generate e-invoices for your 
business.
With IRIS IRP, you can prepare a single e-invoice via our tool or bulk 
generate IRN through the excel utility, pull IRN in your ERP via API 
Integration or custom print invoices using an awesome cloud platform!
If you are a small business owner (MSME/SME): IRIS IRP helps you to jumpstart your e-
invoicing using the offline excel utility tool i.e. MS Excel interface. You can send Invoice Data to 
IRP in bulk and generate e-invoices real-time! Also, get to generate e-invoices and e-way bills on 
a single platform. 
If you are a large business owner: IRIS GST E-invoicing is the best option for you - It is the 
fastest and easiest way to generate e-invoice. There are multiple options to generate IRN via 
IRIS E-invoicing. You can use APIs, and get a bulk upload facility or you can even go with SFTP 
or manual upload of invoices. 
If you are a solution provider yourself: IRIS IRP calls all ERP providers and system integrators 
to design a seamless user journey for your customers using IRIS IRP to build a robust and error-
proof e-invoice compliance. We offer Core and Enhanced APIs for e-invoice generation.
What are the documents that are to be reported for E-
invoicing?
The taxpayers need to report the following documents to the e-invoice system.
● Invoice by Supplier
● Credit Note by Supplier
● Debit Note by Supplier
Thus, Bill of Supply and Delivery Challan/Job Work Challan need not be reported 
under E-Invoicing.
E-invoice Printing
Under the e-invoice mandate, taxpayers will continue to generate their specific 
GST invoices (covered under the mandate) on their own with the help of their 
Accounting/Billing/ERP Systems. Once generated, the invoice data will now have 
to be sent to Invoice Registration Portal (IRP).
Read more about the mandatory fields, optional fields and template of an e-invoice 
here: E-invoice Printing.
Source Of Article :- einvoice6