6.03 crore goods and service tax (GST) e-invoices (e-bills) were withdrawn by companies in December 2020. This information is provided in the official statement. This figure is higher than November. 5.89 crore e-invoices were withdrawn in November. The government has made it mandatory for entities with a turnover of over Rs 500 crore to withdraw electronic invoices or e-invoices for B2B transactions starting October 1, 2020.
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The GST e-invoice system will turn the dice on the GST system, the Information Technology Ministry said in a statement on Saturday. It has completed its three-month journey. Taxpayers can easily connect to the new platform. More than 37,000 taxpayers have withdrawn 16.80 crore invoice reference numbers (IRNs) in the last three months from the e-invoice system developed by the National Information Center (NIC), the statement said.
GST collection of Rs 1.15 lakh crore, surpassing Rs 1 lakh crore for the third consecutive month
According to the report, “4.95 crore e-invoices were withdrawn in October 4.20 crore, up from 5.89 crore in November and 6.03 crore in December. The system has responded positively, saying there were no difficulties in relocating the IRN during this period.
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