E invoice GST Notification: e invoice GST mandatory for businesses with revenue over Rs 50 cr From 1st April, 2021

Latest E invoice GST Notification: E invoice GST mandatory for those businesses that have more than 50cr annual turnover and New e-invoicing system is implemented from 1st April,2021.

Before this e-invoices system was implemented from October 1, 2020, for businesses with annual turnover of Rs 500 crore or more.

The government had made e-invoices mandatory for businesses with annual revenue of over Rs 50 crore from April 1, 2021.

E invoice GST Notification: E invoice GST Mandatory For Businesses With More Than Rs. 50 cr Annual Turnover

The Finance Ministry on Monday notified the change in the GST Act on the recommendation of the GST Council.

The GST e-invoicing system was implemented from October 1, 2020, for businesses with annual turnover of Rs 500 crore or more. But later extended to businesses with over Rs 100 crore turnover from January 1, 2021.

GST Update :-
Now taxpayers having turnover exceeding Rs 50 Crore will have to generate e Invoices effective April 1, 2021.@cbic_india @FinMinIndia @gstindia @askGST_GoI @theicai @icsi_cs pic.twitter.com/lXlDxCMXK0

— CA Sansaar (@casansaar) March 8, 2021

The Central Board of Indirect Taxes and Customs (CBIC) notified the reduction in the Applicability of GST E-invoicing threshold from Rs.100 Crores to Rs.50 Crores with effect from April 1, 2021.

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