e-Invoicing is mandatory from 1st October 2020 to all businesses whose aggregate turnover has exceeded the Rs. 500 crore limit in any of the previous financial years from 2017-18 to 2019-20. From 1st January 2021, e-invoicing became applicable to businesses exceeding the Rs.

For which businesses e-invoicing is mandatory?

Later, the CBIC notified via Notification No. 5/2021 that e-invoicing will be applicable from 1st April 2021 for businesses with a turnover of more than Rs. 50 crore. The taxpayers must comply with e-invoicing if the turnover exceeds the specified limit in any financial year from 2017-18 to 2019-20.

What turnover is considered for e-invoicing?

e-Invoicing system shall apply to those taxpayers with an annual turnover exceeding Rs 500 crore instead of Rs 100 crore.