GST e-invoicing is likely to be implemented soon for taxpayers with turnover between Rs. 10 crore and Rs. 20 crore
GST Taxpayers with turnover between Rs.10 crore to Rs. 20 crores should be ready in the time to come for implementation of e-invoicing since the e-invoicing sandbox has been enabled for testing for taxpayers with turnover between Rs. 10 crore and Rs. 20 crore.
It clearly indicates that notification for the same will be issued very soon.
As per update, Taxpayers having TO more than Rs. 10Cr. are eligible for testing on sandbox system.
The following validations are implemented.
- Reverse charge is not applicable for transactions if recipient taxpayer type is ISD
- Deemed exports is allowed for recipient taxpayers with taxpayer type as Regular or Casual
- Tax rate 0.5% is withdrawn.
