E-invoicing mandatory for taxpayers having turnover of more than 20 crores
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- Last Updated on 26 February, 2022
Notification No. 01/2022 –Central Tax Dated February 24th, 2022
The CBIC has issued notification to provide that E-invoicing shall be mandatory for taxpayers having turnover more than 20 crores w.e.f. 1.4.2022. In this regard, amendment is made in the Notification No. 13/2020 – Central Tax, dated the 21st March, 2020.
Currently, the threshold limit is 50 crores and a taxable person is required to generate E-invoice if its turnover exceeds 50 crores. Now, this threshold has been reduced to 20 crores for generating E-invoice from April 1st, 2022
Click Here To Read The Full Notification
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