In the past 10 days, the CBIC has modified and announced several notifications. The points that need attention are:
● Taxpayers can now file an application online for unblocking of their EWB generation facility in Form EWB-05. The GST EWB-06 (manual application for unblocking of EWB generation facility) is discontinued.
● Taxpayers with a turnover of more than INR 500 crores were mandatorily required to print dynamic QR code on their B2C invoices from 01 December 2020. On 29 November 2020, the Government, on the recommendations of the Council, waived off the penalty payable by such taxpayers if the QR code requirement (on B2C invoices) is not met in the 1st four months (between the period from 01 December 2020 to 31 March 2021). However, this waiver will be applicable only if the taxpayer complies with the provisions from 1 April 2021.
● Taxpayers with an aggregate turnover of more than INR 100 crores have to implement the e-Invoicing mechanism mandatorily from 1 January 2021. The production environment (for eligible taxpayers with turnover between INR 100 crores and INR 500 crores) for API and the bulk tool will be available from 15 December 2020.
● The CBIC had earlier notified that from 7 December 2020, taxpayers will not be able to generate e-Way bills directly. In other words, the Web/Offline/API systems were scheduled to be blocked for the taxpayers who were generating IRN (e-Invoice). The EWBs would have to be generated through the IRN APIs only. However, the blocking of the generation of e-Way bill on the E-Way Bill System for the documents which are eligible for registration (generation of IRNs) on the IRP has been deferred to 31 December 2020.
● The tab to opt for the QRMP Scheme is enabled on the GST Portal.
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