CBIC relaxes mandatory e-invoicing requirement for October month subject to conditions, waives penalty

CBIC waives penal provisions w.r.t. mandatory e-invoicing prescribed for taxpayers having aggregate turnover of Rs. 500 Cr. and above for the month of October 2020; Issues Press Release clarifying that invoices issued by such taxpayers during October 2020 without following the manner prescribed under rule 48(4), shall be deemed to be valid and the penalty leviable u/s 122 for such non-adherence to provisions, shall stand waived if Invoice Reference Number (IRN) for such invoi...