1. What is e-Invoicing under GST?
E-invoicing’ or ‘electronic invoicing’ 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).
2. What supplies are presently covered under e-invoice?
Supplies to registered persons (B2B), Supplies to SEZs (with/without payment), Exports (with/without payment), and Deemed Exports, by OLX are currently covered under e-invoicing. Any legal entity that has a valid GSTIN is a b2b customer, hence the OLX is mandatorily required to issue an E-Invoice to a b2b customer.
3. What documents are presently covered under e-invoicing?
ii. Credit Notes
iii. Debit Notes, when issued by OLX to registered persons (B2B) or for the purpose of Exports) are currently covered under e-invoice.
4. B2C (Business to Consumer) supplies can also be reported by OLX?
No. Reporting B2C invoices by notified persons is not applicable/allowed currently. However, they will be brought under e-invoice in the next phase( notification awaited)
5. E-invoicing is applicable for invoices between two different GSTINs under the same PAN?
Yes. E-invoicing by notified persons(OLX) is mandated for the supply of goods or services or both to a registered person. As per Section 25(4) of CGST/SGST Act. “A person who has obtained or is required to obtain more than one registration, whether in one State or Union territory or more than one State or Union territory shall, in respect of each such registration, be treated as distinct persons for the purposes of this Act.”
6. Does an e-Invoice need to be signed again by the OLX?
The provisions of Rule 46 of the Central Goods and Services (CGST) Rules, 2017 apply here. According to Rule 46, the signature/digital signature of the supplier or his authorized representative is required while issuing invoices. However, a proviso to Rule 46 states that the signature/digital signature shall not be required in the case of issuance of an electronic invoice that is in accordance with the provisions of the InformationTechnology Act, 2000. Hence, in the case of e-invoices, a supplier will not be required to sign/digitally sign the document.
7. How to get a GST-compliant e-invoice to claim Input by Customers?
Customers should update their GST details on the OLX portals. Once GSTIN is updated OLX shall issue e-invoices for all future transactions to the customer. In case GST validation fails OLX shall issue a b2c invoice.
8. Can an E-invoice be partially canceled?
No, an e-invoice cannot be partially canceled & can be only canceled in full within 24 hours of the issue.
9. What happens if the Customer wants to change the GSTIN No?
The customer needs to create a new user account for the new purchase with a fresh GSTIN.
A). OLX shall not be responsible for issuing a b2b invoice in case incorrect details are provided by the customers and no reissue of the Invoice in case of incorrect GST.
B). OLX is not responsible if the GST number is not updated before invoice generation