CBIC vide Notification No. 60/2020 & 61/2020 – Central Tax both dated July 30, 2020, has made amendment in the CGST Rules, 2017 by issuing the revised Format/Schema for E-Invoice under GST in Form GST INV – 01 for the taxpayers whose aggregate turnover in a financial year exceeds Five hundred crore rupees, as a class of registered person who shall prepare an invoice and other prescribed documents, in terms of sub-rule (4) of rule 48 of the CGST rules in respect of the supply of goods or services or both to a registered person.
Further, Special Economic Zone (SEZ) units are excluded from generating the E-Invoice in Form GSTR INV 01.
Note: The revised Format/Schema for E-Invoice shall be effective from October 01, 2020.
The Notification No. 60/2020 along with the revised Format/Schema for E-Invoice can be accessed at: https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-60-central-tax-english-2020.pdf;jsessionid=6701105864603FF737DA0978CBF6EE1C
The Notification No. 61/2020 can be accessed at: https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-61-central-tax-english-2020.pdf;jsessionid=84EEE922E8B7E26D6F59D86774A8801E