einvoice

Now e-invoice will be compulsory for enterprise with around Rs 50 crore turnover from April 1



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The governing administration has now designed it obligatory for organizations with in excess of Rs 50 crore turnover to generate e-invoices for B2B transactions from April 1. 

Underneath Merchandise and Solutions Tax (GST) legislation, e-invoicing for organization-to-enterprise (B2B) transactions has been produced necessary for organizations with turnover of over Rs 500 crore and Rs 100 crore from Oct 1, 2020, and January 1, 2021, respectively.

E-invoicing will be prolonged to companies with turnover above Rs 50 crore from April 1, the Central Board of Oblique Taxes and Customs (CBIC) said in a notification. 

Below e-invoicing,