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regular-article-logo Tuesday, 19 November 2024

GST e-invoices higher in December

The govt had made it mandatory for businesses with a turnover of over Rs 500 cr to generate electronic invoice for B2B transactions from October 1

PTI New Delhi Published 03.01.21, 12:43 AM
The e-way bill generation from the National Informatics Centre was also the highest during September to December 2020 compared with corresponding months of the previous years

The e-way bill generation from the National Informatics Centre was also the highest during September to December 2020 compared with corresponding months of the previous years Shutterstock

As many as 6.03 crore GST e-invoices were generated in December 2020, higher than 5.89 crore in November, according to an official release.

The government had made it mandatory for businesses with a turnover of over Rs 500 crore to generate electronic invoice for B2B transactions from October 1, 2020.

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The IT ministry on Saturday said the GST e-invoice system has completed three months and facilitated the smooth transition of the tax payers to the new platform. It has enabled more than 37,000 taxpayers to generate more than 16.80 crore invoice reference numbers (IRNs) during the last three months.

“Starting with 495 lakh (4.95 crore) during October 2020, generation of e-invoice has increased to 589 lakh (5.89 crore) in November 2020 and 603 lakh (6.03 crore) in December 2020,” it said.

The e-way bill generation from the National Informatics Centre was also the highest during September to December 2020 compared with corresponding months of the previous years.

“There have been errors such as repeated requests on the same document number, requests with validation or calculation errors, which were corrected by the help desk,” it said.

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