Breaking: E-Invoicing Mandatory from 1st April 2022 for Turnover 20 Crore

Breaking: E-Invoicing Mandatory from 1st April 2022 for Turnover 20 Crore

Deepak Gupta | Feb 25, 2022 |

Breaking: E-Invoicing Mandatory from 1st April 2022 for Turnover 20 Crore

Breaking: E-Invoicing Mandatory from 1st April 2022 for Turnover 20 Crore

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 is Rs 50 Cr and more which has been put into effect from 1st April 2021, while for companies having 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

Notification Can be Downloaded from Link Given

 

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
ROC Imposes Penalty for 2-Day MGT-15 Filing Delay; Company Blames MCA Portal Glitches ICAI revises Eligibility Criteria for Empanelment to Impart Industrial Training HC Extends GST Amnesty to Early GSTR-9 Filers; Sets Aside General Penalty Where Late Fee Is Paid GSTR-9, 9C Mandatory vs Optional Tables For FY 2024-25 CA cannot be Held for money laundering for merely issuing Income Tax Form 15CB: Supreme CourtView All Posts