E-way invoice: E-way invoice era with out B2B e-invoice particulars to be blocked from March 1

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Companies with turnover above Rs 5 crore will be unable to generate e-way invoice with out together with e-invoice particulars for all B2B transaction from March 1. Underneath the products and providers tax regime, e-way payments are required for inter-state transportation of products valued over Rs 50,000.

The Nationwide Informatics Centre (NIC) stated on evaluation it was discovered that among the taxpayers, who’re eligible for e-invoicing, are producing e-way payments with out linking with e-invoice for B2B (enterprise to enterprise) and B2E (enterprise to exports) transactions.

In a few of these circumstances, the bill particulars entered individually below e-way invoice and e-invoice aren’t matching with respect to the sure parameters. That is main in mismatch within the e-way invoice and e-invoice statements.

“… to keep away from such conditions, e-way invoice era is not going to be allowed with out e-invoice particulars from 1st March 2024. That is relevant for e-invoice enabled tax payers and for the transactions associated to provides below B2B and exports,” the NIC knowledgeable GST taxpayers.

Nonetheless, e-way payments for different transactions resembling B2C and non-supplies will perform as standard with none change, the NIC stated.

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