E-invoicing is a system in which business-to-business invoices are authenticated electronically by the Goods and Services Tax Network for use on the common GST portal. Invoice information is transferred from the E-Invoice portal to the GST portal and E-Way bill portal in real-time, eliminating the need for manual data entry while filing GSTR-1 return as well as generation of a part of the E-Way bills. Currently, E-invoicing is mandatory for taxpayers having an aggregate turnover of more than Rs. 20 crores in the previous financial year. But now,
In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following amendment i.e, E-invoicing shall now be mandatory for taxpayers having aggregate turnover more than Rs. 10 crores in the previous financial year from 1st October’ 2022.