Attention GST Taxpayers whose aggregate turnover exceeds Rs.20 crore in Any Financial Year!

Attention GST Taxpayers whose aggregate turnover exceeds Rs.20 crore in Any Financial Year! Attention GST Taxpayers whose aggregate turnover exceeds Rs.20 crore in any financial year! Generating E-invoice for B2B supply of goods or services or both, or for Exports is mandatory w.e.f April 01, 2022. E-invoicing is now mandatory for Turnover of more than Rs 20 cr from 1st April 2022 as per notification no. issued by Central Board of Indirect Taxes & Customs [CBIC].  Central Board of Indirect Taxes & Customs [CBIC] wide Notification Number 01/2022 dated 24th Feb 2022 confirms that E-Invoicing is now mandatory for Turnover of more than Rs 20 cr from 1st April 2022. Currently, the limit for generating the E-Invoice for Companies having a Turnover of Rs 50 Cr. and more have been put into effect from 1st April 2021, while for companies having a turnover more than Rs 100 crore was made effective from 1st Jan 2021 and turnover more than Rs 500 Cr. was made effective from 1st October 2020.