CBIC amends the class of registered persons for the purpose of e-invoice

Jul 31, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on July 30, 2020 has issued a notification to further amend the notification issued on March 21, 2020 vide no. 13/2020- Central Tax stating that the registered person whose aggregate turnover in a financial year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice and other prescribed documents in terms of Rule 48(4) of the Central Goods and Services Tax Rules, 2017 in respect of supply of goods or services or both to a registered person.

A Special Economic Zone unit is inserted as a registered person for the purpose of e-invoice.

This Notification shall come into force from October 01, 2020.

[Notification No. 61/2020- Central Tax]

 


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