Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No.72-Central Taxes dated 30th September, 2020 to further amend the Central Goods and Services Tax Rules, 2017.
Key points of the Notification are:
a. In Rule 46, after clause (q) containing the list of the particulars to be mentioned in the tax invoice by a registered person, a new clause (r) is inserted requiring that in case invoice has been issued in the manner prescribed under sub-rule (4) of rule 48 (e-invoicing) , Quick Reference (QR) code having embedded Invoice Reference Number (IRN) in it is mandatory.
b. In Rule 48, in sub-rule (4) relating to the Manner of issuing tax invoice, the proviso has been inserted to provide power to the Commissioner to issue Notification with recommendations of the Council to exempt a person or a class of registered persons from issuance of invoice for a specified period, subject to such conditions and restrictions as may be specified in the said Notification.
c. In Rule 138A, relating to documents required to be carried by a person in charge of the conveyance, the sub-rule (2) is substituted so as to notify, that is in case, e-invoice is issued in the manner prescribed under sub-rule (4) of Rule 48, the Quick Reference (QR) Code having an embedded Invoice Reference Number (IRN) in it, may be produced electronically, for verification by the proper officer in lieu of the physical copy of such tax invoice.
For further details please refer the attached document.
Source: Central Board of Indirect Taxes & Customs
