The Government of Kerala on March 21, 2022 has issued Notification regarding E-invoicing for those with turnover over 20 Crore. This shall come into force from April 1, 2022.
The following has been stated namely: -
• E-invoicing will be mandatory for business to business transactions of traders with an annual turnover of over Rs. 20 Crore from April 1, 2022.
• Merchants applying for e-invoicing are required to prepare e-invoices for taxable goods and services as well as credit and debit notes issued by the merchant.
• Merchants who are obliged to take e-invoices should do the invoicing before moving the goods.
• Merchant responsible for e-invoicing does not make the invoice, the recipient will not be eligible for the input tax credit.
• Traders dealing with tax-free goods are not required to have e-invoicing.
[Notification No. CT/15318/2019-P2]
