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Transformative Measures: Phasing in Mandatory e-Invoice Integration with e-Way Bills

  1. Phased Implementation of e-Invoice: Operational since October 2020 for taxpayers with Annual Aggregate Turn Over (AATO) above Rs. 500 Crores, e-Invoice generation becomes mandatory for those with AATO above Rs. 5 Crores in a phased manner.
  2. Integration with e-Way Bill System: E-Invoice is seamlessly integrated with the e-Way bill system. Transportation details submitted during e-Invoice generation automatically trigger the generation of e-Way bills.
  3. Issues Identified: Some eligible taxpayers generate e-Way bills without linking them to e-Invoices for B2B and B2E transactions. Mismatched details between e-Way bills and e-Invoices pose challenges.
  4. Effective Date of Change: From 1st March 2024, e-Waybill generation without e-Invoice details will not be allowed for e-invoice enabled taxpayers, specifically for B2B and Export transactions. This ensures better alignment between the two documents.
  5. Check and Balances Implementation: Checks are introduced in the e-Waybill generation process for eligible taxpayers. Direct e-Waybill generation without an associated e-Invoice is restricted for B2B and B2E transactions. However, normal operations for B2C and non-supply transactions remain unaffected. All stakeholders are urged to update their systems accordingly.



VAT news
VAT news