Some MFDs must report every AMC invoice to the government portal and print an IRN and QR code on it. Here is who the rule covers, since when, and what to do about it.
E-invoicing sits on top of your normal invoice. For the base layer, see the invoice format and SAC code guide.
If your aggregate turnover crossed 5 crore rupees in any financial year since 2017-18, then from 1 August 2023 e-invoicing is mandatory on your B2B invoices. Your invoices to fund houses (AMCs) are B2B, so they are covered.
Two words in that rule deserve a second look:
E-invoicing does not mean a PDF sent by email. It means each B2B invoice is reported to the government e-invoice portal, which returns two things that must appear on the invoice:
| Item | What it is |
|---|---|
| IRN | The Invoice Reference Number, a unique code the portal assigns to that invoice. |
| QR code | A machine-readable code carrying the invoice's key details, printed on the invoice. |
The rest of the invoice stays the same: your details and the AMC's, the 18% GST split as CGST plus SGST or IGST, the SAC code 997152, and your signature. The registrar side does not change either; you still upload signed invoices to KFIN and CAMS in the usual 7th to 15th window, as covered in the KFIN guide and the CAMS guide.
Most individual MFDs earn well under 5 crore a year and are outside the rule. But do not assume:
If you are near the line, check your turnover for every year since 2017-18 with your accountant before deciding you are exempt.
If the rule covers you and an invoice goes out without an IRN, that invoice is not a valid invoice. The AMC's claim to credit for the GST it paid you rests on a valid invoice, so an invalid one puts that GST at risk, in the same way a missing entry in the AMC's GSTR-2B does. That reconciliation story is explained in the GSTR-2B and clawback guide.
So if e-invoicing applies to you, the order each month is: prepare the invoice, get the IRN and QR code from the government portal, then upload the signed invoice to the registrar.
Upload your KFIN or CAMS file and see a real, signed invoice made from your own figures. No signup, no card.
Try with your file, freeYes, if aggregate turnover crossed 5 crore in any financial year since 2017-18. From 1 August 2023 it is mandatory on B2B invoices, and invoices to AMCs are B2B. Most individual MFDs are below the limit; larger firms and corporate ARNs may not be.
The government e-invoice portal assigns each reported invoice an Invoice Reference Number and a QR code, and both must appear on the invoice. Without them, when required, the invoice is not valid.
No. Crossing it once, in any financial year from 2017-18 onwards, is enough to bring you under the rule permanently.
The invoice is invalid, which puts the GST the AMC paid you at risk. Generate the IRN first, then upload the signed invoice to the registrar as usual.
No. It prepares your signed registrar invoices with the registrar's exact figures and fills the Excel sheet to match. The IRN, where required, comes from the government portal.