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May 30, 2024 · All businesses that are mandated by CBIC notifications, except a few, need an e-invoice. Currently, the turnover limit for e-invoicing is Rs.10 crore and above. Sooner, from 1st August 2023, it shall extend to businesses with turnover more than Rs.5 crore but less than Rs.10 crore.
3 days ago · For example, taxpayers must comply with e-invoicing in FY 2022-23 and onwards if their Annual Aggregate Turnover (AATO) exceeds the specified limit in any financial year from 2017-18 to 2021-22. The aggregate turnover will include the turnover of all GSTINs under a single PAN across India.
Jul 27, 2023 · With the latest notification, there are new rules for E-invoicing applicability from August 2023. This article provides a comprehensive overview of the updated regulations, including the threshold limit, requirements, and exemptions.
May 10, 2023 · Notification No. 10/2023-Central Tax Dated: 10th May, 2023 related to Central Goods and Services Tax Rules, involving a reduction in threshold limit for GST E-Invoicing from ten crore rupees to five crore rupees, effective from August 1, 2023.
Jul 29, 2024 · Starting from August 1, 2023, if your business exceeds the e-invoice limit of ₹5 crores, following the latest e-invoice notification, it's mandatory to electronically upload all B2B and B2G invoices.
Feb 14, 2024 · As per the e invoice notification 17/2022 dated 1st August 2022, the fifth phase applied to businesses with an e invoice turnover limit of more than Rs.10 crore up to Rs.20 crore from 1st October 2022.
Jul 22, 2024 · Under the e-Invoice system, all invoices need to be electronically uploaded and authenticated with a unique invoice reference number (IRN) and a digitally signed QR code. The change is that the seller needs to print the QR code and IRN number on the invoice before issuing it to the buyer.
Oct 14, 2024 · As per the latest amendment in August 2023, all the businesses registered under the GST Act, with a total turnover exceeding Rs.5 crores, are required to generate an e-invoice. Earlier, this threshold was Rs.10 crores. However, in line with the government’s initiative to promote digital India, the government brought about this amendment.
2 days ago · This e-invoice limit came into effect from August 1, 2023. The announcement for the same was made via Notification No. 10/2023–Central Tax. For businesses who are new to the concept of e-invoicing and have recently fallen under the GST e-invoice limit, this blog will briefly discuss the concept below. Impact of Lower Limit on Small Businesses.
Aug 1, 2023 · As per the recent notification on e invoice limit released by GST Council on 10th May 2023, the business turnover limit to generate e invoices for B2B transactions has been reduced to Rs.5 Cr from the previous Rs.10 Crore.
