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TMI BlogE-invoice Schema / Format - mandatory fieldsX X X X Extracts X X X X X X X X Extracts X X X X ..... E-invoice Schema / Format - mandatory fields - By: - Ganeshan Kalyani - Goods and Services Tax - GST - Dated:- 14-8-2020 - - E-invoice is applicable to those taxpayers whose aggregate turnover is more than ₹ 500 Crores. E-invoice is coming into effect from 01.10.2020. Following persons are exempted from e-invoice 1.Special Economic Zones, 2. Insurer or a Banking company or a financial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... institution, including a non-banking financial company, 3. goods transport agency, 4. supplier of taxable service supplying passenger transportation service, 5. a registered person supplying services by way of admission to exhibition of cinematographic films in multiple screens. Tax invoice will not be considered valid if IRN is not mentioned on it. Hence, IRN is a mandatory field. The In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... voice Registration Portal will generate IRN and send it back to the taxpayer who will then print it on his tax invoice. IRN is a unique reference number for the invoice. Recently, new schema /format of e-invoice has been released by Govt. As per the same following fields are mandatory Supply Type : B2B : Business to Business B2C : Business to Consumer SEZWP : To SEZ with payment SEZWOP : T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o SEZ without payment EXPWP : Export with payment EXPWOP : Export withou payment DEXP : Deemed Export Document Type INV for invoice CRN for credit note DBN for debit note Document number and date Number - 16 digits as per CGST Rules Date format - DD/MM/YYYY Supplier information Supplier Legal Name: Legal name, as appearing in PAN of the supplier GSTIN of the supplier Supplie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Address, Supplier Place Supplier State Code, Supplier PIN code Recipient information Recipient Legal Name; as per PAN GSTIN of the Recipient, if availabe. URP : In case of exports or if supplies are made to unregistered persons Place of supply (State code) Recipient address; Recipient Place Recipient State Code Invoice Item Details Item list Document Total Total Taxable Value (sum o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the taxable values of all the items in the document); Total Invoice value in INR All the above fields are mandatory for generating e-invoice. It means a taxpayer has to send these information which the NIC portal will validate and provide IRN to the taxpayer if all the details are found correct. Otherwise , NIC will give an error message. Source: https://www.cbic.gov.in/resources//htdocs-cbec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /gst/GST-Update010820.pdf - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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