The Central Board of Indirect Taxes and Customs (CBIC) has issued the Frequently asked questions (FAQs) on Electronic Invoice (E-Invoice) system
Electronic Invoice System is mandatory for business with Rs. 100 crores turnover from April 1st, 2020. E-invoice will be mandatory for both these business categories. For businesses having a turnover of less than 100 Crore, it would remain voluntary and on trial basis from 1st April 2020.
The FAQs issued by CBIC has addressed the significant issued related to E-Invoicing said that a foreign service provider can integrate with IRP only from within the shores of India.
IRP will validate for GSTIN existence (of seller and buyer) and deduplication of the invoice. If non-existent GSTIN and/or a duplicate invoice is found, the invoice will be returned with relevant error codes, without registering it. IRP will validate for only GSTIN correctness and whether the invoice already exists in the GST system.
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