2019
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2022
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2020
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2025
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2030
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Detailed explanation-1: -e-Invoice is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal (IRP) to be managed by the GST Network (GSTN).
Detailed explanation-2: -There is no defined time limit given under the GST law for generating e invoice. However, it is advised to generate the same before filing the GSTR-1 return for the respective month.
Detailed explanation-3: -States who have suffered any losses due to the GST implementation will receive compensation according to the GST Compensation to States Bill which was passed in March 2017. This is for 5 years starting from the date the state implements the GST Act.
Detailed explanation-4: -The genesis of the introduction of GST in the country was laid down in the historic Budget Speech of 28th February 2006, wherein the then Finance Minister laid down 1st April, 2010 as the date for the introduction of GST in the country.