Question ID : 44412

E invoice

A seller liable for e -invoicing has not generated e - invoicing. Kindly guide what is consequences for SELEER ? Kindly guide what is consequences for PURCHASER ?

Consequences for seller, As per rule 48(5) of the CGST Rules, failure to generate an IRN (e-Invoice) will be considered as a failure to issue an invoice. If an invoice is not registered on the IRP, then such an invoice would not be treated as a valid tax invoice. Penalty for non-issuance of invoice: 100% of the tax due or INR 10,000, whichever is higher will be imposed for each instance of non-compliance. Consequences for Buyer Input tax credit will not be available.