Rule 48 - Latest Amendment in Manner of Issuing Invoice - LegalABCD

RULE 48 : LATEST AMENDMENTS IN MANNER OF ISSUING INVOICE

What is Rule 48 ?

As per rule 48 of Central Goods and Services Tax Rules, 2017 under :

Sub-rules:

1) The invoice shall be prepared in triplicate, in case of supply of goods, in the following manner:-

      

         a) the original copy being marked as ORIGINAL FOR RECIPIENT;

         b) the duplicate copy being marked as DUPLICATE TRANSPORTER; and

         c) the triplicate copy being marked as TRIPLICATE FOR SUPPLIER.

2) The invoice shall be duplicate in case of supply of service, in the following manner :-

        a) the original copy being marked as ORIGINAL FOR RECIPIENT;

        b) the duplicate copy being marked as DUPLICATE FOR SUPPLIER.

3) The serial number of invoice issued during a tax period shall be furnished electronically through the common portal in FORM GSTR 1.

What latest amendments are made in Rule 48 ?

There are three notifications has been issued as on 13/12/2019 with respect to issuing tax invoice:

i) As per the Notification No. 68/2019 – Central Tax Dt. 13th December, 2019, the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in rule 48, after sub-rule (3), the following sub-rules shall be inserted, namely:-

       Sub-rules:    

        4) The invoice shall be prepared by such class of registered persons as may be notified by the Government, on the recommendations of the Council, by including such particulars contained in FORM GST INV-01 after obtaining an Invoice Reference Number by uploading information contained therein on the Common Goods and Services Tax Electronic Portal in such manner and subject to such conditions and restrictions as may be specified in the notification.

       5) Every invoice issued by a person to whom sub-rule (4) applies in any manner other than the manner specified in the said sub-rule shall not be treated as an invoice. 

      6) The provisions of sub-rules (1) and (2) shall not apply to an invoice prepared in the manner specified in sub-rule (4).



ii) As per Notification No. 69/2019 – Central Tax Dt. 13th December, 2019, In exercise of the powers conferred by section 146 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule(4) of rule 48 of the Central Goods and Services Tax Rules, 2017 and section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby, notifies the following as the Common Goods and Services Tax Electronic Portal for the purpose of preparation of the invoice in terms of sub-rule(4) of rule 48 of the aforesaid rules, namely:- 

          (i) www.einvoice1.gst.gov.in;
          (ii) www.einvoice2.gst.gov.in;
          (iii)www.einvoice3.gst.gov.in;
          (iv) www.einvoice4.gst.gov.in;
          (v) www.einvoice5.gst.gov.in;
          (vi) www.einvoice6.gst.gov.in;
          (vii) www.einvoice7.gst.gov.in;
          (viii) www.einvoice8.gst.gov.in;
          (ix) www.einvoice9.gst.gov.in;
          (x) www.einvoice10.gst.gov.in.

Explanation.-For the purposes of this notification, the above mentioned websites mean the websites

managed by the Goods and Services Tax Network, a company incorporated under the provisions of

section 8 of the Companies Act, 2013 (18 of 2013).

• This notification shall come into force with effect from the 1st day of January, 2020.

iii) As per Notification No. 70/2019 – Central Tax Dt. 13th December, 2019

•  Hereby Notifies registered person, whose aggregate turnover in a financial year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice in terms of sub-rule (4) of rule 48 of the said rules in respect of supply of goods or services or both to a registered person.       
• This notification shall come into force from the 1st day of April, 2020.