Now e-invoice will be compulsory for business with over Rs 50 crore turnover from April 1
E-invoicing will be extended to companies with turnover over Rs 50 crore from April 1, the Central Board of Indirect Taxes and Customs (CBIC) said in a notification. Under e-invoicing, taxpayers have to generate invoices on their internal systems (ERP/accounting/billing software) and then report them online to the Invoice Registration Portal (IRP).
Mar 09, 2021, 22:37 PM IST
GST e-invoicing mandatory for B2B transactions from October
The initial date for its rollout was April 1, 2020, but the Centre notified October 1, 2020, as the revised date for the implementation of e-invoicing.
