E-invoicing is likely to be soon notified for taxpayers with turnover B/w Rs. 10 Cr and Rs. 20 Cr

As per the new update issued by GST, e-Invoice system says the taxpayers with turnover between Rs. 10 crore and Rs. 20 crore are enabled for testing on the Sandbox system.

The following validations are implemented:

1. Reverse charge is not applicable for transactions if the recipient taxpayer type is ISD
2. Deemed exports is allowed for recipient taxpayers with taxpayer type as Regular or Casual
3. Tax rate 0.5% is withdrawn

Source #GST e-Invoice system