New Delhi, Jan 6 Businesses with turnover above Rs 5 crore will not be able to generate e-way bill without including e-invoice details for all B2B ..
Currently, businesses with turnover of Rs 10 crore and above are required to generate e-invoice for all B2B transactions.
From August 1, 2023, it will be mandatory for smaller businesses to carry transactions via e-invoices
Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date, irrespective of the date of issue of such invoice.
Currently, businesses with a turnover of Rs 10 crore and above are required to generate an electronic invoice for all B2B transactions.
Currently, businesses with turnover of Rs 20 crore and above are required to generate electronic invoice for all B2B transactions.
Currently, e-invoicing is mandatory for taxpayers with aggregate turnover of more than Rs 20 crore
E-invoicing will be extended to companies with turnover over Rs 50 crore from April 1, the Central Board of Indirect Taxes and Customs (CBIC) said in a notification.
Businesses with a turnover exceeding a particular amount will have to generate electronic invoice either on a government portal or on the Goods and Services Tax (GST) portal.