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E-invoicing mandatory for turnover more than Rs.20 crores w.e.f 1st April-2022
Posted on Friday, April 1st, 2022 at 14:24 and is filed under GST Whats New, RNC Updates
E-invoicing mandatory for turnover of Rs 20 cr and above w.e.f 1st April-2022* The CBIC has notified that e-invoicing will be applicable from 1st April 2022 for the assessees with a turnover of more than Rs.20 crores (in any financial year from FY 2017-18 upto 2021-22). Under e-invoicing, assesses have to generate invoices on their internal systems (ERP/accounting/billing software) and then report them online to the Invoice Registration Portal (IRP). With this, the assesses would be required to raise e-invoices with effect from April 1, 2022.
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