E-Invoicing turnover threshold to be increased to Rs 500Cr from Rs 100Cr

The E-Invoicing turnover threshold to be increased to Rs 500Cr from Rs 100Cr As per news update, now taxpayers with a turnover of Rs 500 crores or more have to comply with E-Invoicing. The CBIC will soon announce this within a week. Earlier the threshold for E-Invoicing was Rs 100 Cr. This news was confirmed by a top official in the ASSOCHAM webinar. The Central Board of Indirect Taxes and Customs will in a week’s time come out with a notification. [caption id="attachment_90234" align="aligncenter" width="909"] The E-Invoicing turnover threshold to be increased to Rs 500Cr from Rs 100Cr[/caption] E-invoicing, a form of electronically-authenticated invoices, is applicable from 1 October 2020. You May Also Refer:

• New GST Returns Scrapped by Government: Modified version of Existing to Continue
• Discussion on New GST Return Changes
• GSTR-2A data to be linked with GSTR-3B for better ITC management