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Notification No. 70/2019 – Central Tax - Implementation of E-Invoicing

edited Feb 25, 2020 4:11AM in Financials for India - EBS (MOSC) 4 commentsAnswered

Hi All,

Government through notification#70/2019 – Central Tax has enforced E-Invoicing.

E-invoice procedure is applicable for all GST registered suppliers having turnover more than 100 crore rupees and is applicable for all taxable supplies other than B2C supplies.

This will be implemented from 01-APR-2020.

Customers are requested to follow below steps:
1. Oracle will support enabling capabilities for the prescribed e-invoice procedure and customers are expected to work with a GSP of their choice who can cater to the end to end process requirements on top of the enabling capabilities Oracle will be supporting.
2. GSP's will upload the data to IRN portal, post validation will provide the IRN number and QR Code.

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