In exercise of the powers conferred by rule 48(4) of the CGST Rules, 2017,

and in supersession of the Notification No. 70/2019-Central Tax dt. 13-12-2019 except as respects things done or omitted to be done before such supersession,

the Government notifies

RPs having AT > Rs.5 Cr shall have IRN in following cases

RP, other than

[1][a government department, a local authority,]

[2][a Special Economic Zone unit and]

those referred to in sub-rules 54(2), (3), (4) and (4A), [Insurer, Bank, GTA, Multiplex Screen]

whose aggregate turnover in a [3][any preceding FY from 2017-18 onwards] exceeds [4][Rs.5 Cr],

shall prepare invoice and other prescribed documents, in terms of rule 48(4)

[5][in respect of, -

(i) supply of goods or services or both to a registered person; or

(ii) supply of goods or services or both for exports;

(iii) supply of goods or services or both received from an unregistered person where the tax is payable on reverse charge basis by the recipient of such goods or services or both; or

(iv) import of services”]

2. This notification shall come into force from the 1st October, 2020.