GST E-invoicing Turnover Limit Reduced to Rs 50 Crore

 

CBIC has issued a fresh notification on 8th March, 2021. Accordingly, with effect from 1st April, 2021, the tax payers having aggregate turnover exceeding Rs 50 crore will have to generate E- invoice.

The taxpayers are required to issue E-invoices for all the Business to Business supplies under the Goods and Services Tax (GST), in the manner prescribed under rule 48 (5) of the CGST Rules 2017.

However, earlier the turnover limit was Rs 100 crore.

gst

 

Click here for official notification:

Click here to read more in detail about GST Invoicing


Knowledge Source:

CGPI Requests to Grant Extension for GSTR 9 and 9C

 

Leave a Reply

Your email address will not be published. Required fields are marked *