The Goods and
Services Tax Network (GSTN) has clarified that carrying physical copies of
e-invoices, mandatory for companies having an annual turnover of Rs 500 crore,
is not required during movement of goods. Instead, it is sufficient if the QR
code having invoice reference number is produced electronically for
verification by the proper officer, it said.
This measure to help resolve challenges related to physical
“This measure by
the government will definitely help resolve challenges related to physical
documentation requirements, and the various queries by the industry in relation
to printing of invoice with QR code,” Abhishek Jain, tax partner at EY, said.
The relief provided for October only.
has been made compulsory for firms having an annual turnover of Rs 500 crore in
any of the previous three financial years, the Central Board of Indirect Taxes
and Customs (CBIC) has said companies will not attract any penalty if they move
goods without e-invoicing, provided that they get the invoice reference number
(IRN) for such invoices within a month of the date of invoice. The relief has
been provided for the month of October only.