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Applicability of E-invoicing Provisions w.e.f. 1st April 2022 For Registered Persons Having Aggregate Turnover Exceeding Rs. 20 Crores

E-invoicing provisions were implemented from 1st October, 2020 for taxpayers having aggregate turnover in any preceding financial years from F.Y. 2017-18 onwards exceeding Rs. 500 crores. However, vide Notification No. 88/2020- Central Tax dated November 10, 2020, the aggregate turnover limit for e-invoicing was reduced to Rs. 100 crores w.e.f. January 1, 2021. Furthermore, vide Notification No. 05/2021- Central Tax dated March 8, 2021, the aggregate turnover limit for e-invoicing provisions was reduced to Rs. 50 crores w.e.f. April 01, 2021.

Now, vide Notification No. 01/2022- Central Tax dated February 24, 2022, the aggregate turnover limit for e-invoicing provisions has been further reduced to Rs. 20 crores w.e.f. April 01, 2022.

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