The Central Board of Indirect Taxes and Customs (CBIC) notified the amendments from Tax Invoice compliances under GST Rules on Invoice Reference Number (IRN).
The IRN or Quick Reference (QR) Code may be produced electronically.
The Board notified the Central Goods and Services Tax (Eleventh Amendment) Rules, 2020, which seeks to amend the Central Goods and Services Tax Rules, 2017.
In the Central Goods and Services Tax Rules, 2017, in rule 46, after clause (q), “Quick Reference code, having embedded Invoice Reference Number (IRN) in it, in case invoice has been issued in the manner prescribed under sub-rule (4) of rule 48,” clause shall be inserted.
In the said rules, in rule 48, in sub-rule (4), “Provided that the Commissioner may, on the recommendations of the Council, by notification, exempt a person or a class of registered persons from issuance of invoice under this sub-rule for a specified period, subject to such conditions and restrictions as may be specified in the said notification,” proviso shall be inserted.
In the said rules, in rule 138A, for sub-rule (2), “In case, invoice is issued in the manner prescribed under sub-rule (4) of rule 48, the Quick Reference (QR) code having an embedded Invoice Reference Number (IRN) in it, for verification by the proper officer may be produced electronically, in lieu of the physical copy of such tax invoice,” sub-rule shall be substituted.
GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal. The concept of GST e-invoice generation system has been taken into consideration for the reduction in GST evasion.
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