4th Phase of e-invoicing<\/a> will be implemented on 1st April 2021, for all those taxpayers whose aggregate turnover exceeds INR 20 Crores.<\/p>\n\n\n\n Under e-invoicing, the supplier needs to generate IRN<\/a> and a signed QR code from the IRP. But under the Reverse charge transaction, the recipient needs to generate the invoice and needs to register the same on the portal. So, in this blog, we will know inside-out about e-invoicing for RCM transactions.<\/p>\n\n\n\n Here is the list of transactions that are covered under RCM:<\/p>\n\n\n\n As per the e-invoicing provision, reverse charge transactions are covered under e-Invoicing<\/a>. Here is the list of RCM transactions for which e-Invoicing is applicable:<\/p>\n\n\n\n Supply of notified goods or\/and services such as tobacco, silk, raw cotton, or services rendered from an insurance agent. The recipient needs to pay GST under Reverse Charge Mechanism (RCM).<\/p>\n\n\n\n Any goods or services provided to an e-com operator. E-com operators need to pay GST under RCM and generate IRN<\/a> and signed QR codes<\/a> from the IRP<\/a>.<\/p>\n\n\n\n However, there is a catch when e-invoicing will not be applicable on the above-mentioned RCM transactions:<\/p>\n\n\n\n![\"E-Invoicing](\"https:\/\/www.gstrobo.com\/blog\/wp-content\/uploads\/2021\/06\/e-invoicing-for-reverse-charge-transactions.png\")
<\/figure><\/div>\n\n\n\nReverse Charge Transactions<\/h2>\n\n\n\n
E-Invoicing For Reverse Charge Mechanism (RCM) Transactions<\/h2>\n\n\n\n
Generating E-Invoice for RCM transactions<\/h2>\n\n\n\n