Central Board of Indirect Taxes and Customs (CBIC) has issued a Press Release dated 30th September, 2020 through the official twitter handle to inform that in the initial phase of implementation of e-invoice, it has been decided that the invoices issued by taxpayers required to generate e-invoice during October, 2020 without following the manner prescribed under Rule 48(4) of the CGST Rules, 2017 i.e. e-invoicing, shall be deemed to be valid and the penalty leviable under Section 122 of the CGST Act, 2017, for such non-adherence to provisions, shall stand waived if the Invoice Reference Number (IRN) for such invoices is obtained from the Invoice Reference Portal (IRP) within 30 days of date of invoice.
It has also been clarified that, no such relaxation would be available for the invoices issued from 1st day of November, 2020 and such invoices issued in violation of Rule 48(4) of the CGST Rules, 2017 would not be valid and would attract penal consequences under CGST Act, 2017.
We shall share the relevant Notification once it is available in the public domain.
Source: CBIC-Official Twitter Handle
