New Rules Introduction:
Central Goods and Services Tax (Ninth Amendment) Rules, 2020 established.
Effective upon publication in the Official Gazette.
Form GST INV-01 Replacement:
FORM GST INV-01 substituted with new form "FORM GST INV – 1".
Provides a structured format/schema for e-Invoice reporting.
Detailed Field Specifications:
Comprehensive guidelines for reporting various invoice details.
Includes version number, invoice reference number (IRN), supply type code, and more.
Enhanced Reporting Clarity:
Enumerated lists for codes and mandatory fields.
Clarifies optional and mandatory reporting requirements.
Document Period and References:
Provision for reporting document period start and end dates.
Additional fields for preceding document reference and contract details.
Supplier Information:
Mandatory reporting of supplier's legal name, GSTIN, address, and state code.
Optional fields for trade name, additional address, contact details, and email.
Effective Compliance Date:
Rules effective upon publication, requiring adherence for all relevant transactions.
By: Pramod Kumar, Director to the Government of India.