Introduction
The centre has made Electronic -invoicing mandatory for businesses with aggregate turnover exceeding Rs 10 crore from October 1, a move which will further plug in revenue leakage and will ensure better tax compliance from businesses
Presently, e-invoice is compulsory for businesses with an annual turnover of over Rs 20 crore. In a notification issued on Monday, the centre said it has amended the rule on the recommendations of the Council.
Now, E-invoice is mandatory for turnover above 10 crore from October 1)
GST latest Amendments
Preparing for E-Invoicing in light of Recent Changes, E-Invoicing Notifications and Schema Updates
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