GST E-invoice is mandatory for taxpayers with turnover exceeding 5 Cr

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GST E-invoice is mandatory for taxpayers with turnover exceeding 5 Cr

whom e-invoice is mandatory

Update on 24/02/2022 : E-invoice under GST applicability turnover
CBIC issued Notification No. 01/2022 – Central Tax, dated 24th February, 2022, revising turnover threshold for applicability of E-invoice. As per the notification w.e.f. 01/04/2022, e-invoicing shall be applicable to the registered person having aggregate turnover exceeding Rs. 20** crores in a any preceding financial year (in GST era).
Earlier limit was exceeding Rs 50 Cr w.e.f. 01/04/2021: Read here

**Turnover limit for e-invoice has been reduced to 10 Cr w.e.f. 01/10/2022 vide No. 17/2022–Central Tax dated 01/08/2022

***Turnover limit for e-invoice has been reduced to 05 Cr w.e.f. 01/08/2023 vide notification no No. 10/2023–Central Tax dated May 10, 2023

History of turnover limit for E-invoicing under GST

E Invoice applicability

Over the period of e-invoicing introduction government is increasing bracket of taxpayers for generating e-invoices. Don't get surprised if E-invoice become mandatory for all B2B transactions irrespective of amount of turnover. Automation in the process certainly going to increase the cost. Government should provide mobile app / web addins/ user friendly software to MSMEs for generating e-invoices, so the automation cost can be minimised. 

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