GST e-invoice made mandatory for businesses with revenue over Rs 50 cr
The GST e-invoicing system was implemented from October 1, 2020, for businesses with annual turnover of Rs 500 crore or more.
BusinessToday.In | March 9, 2021 | Updated 01:33 IST
The Finance Ministry on Monday notified the change in the GST Act on the recommendation of the GST Council.
The government had made e-invoices mandatory for businesses with annual revenue of over Rs 50 crore from April 1, 2021.
The Finance Ministry on Monday notified the change in the GST Act on the recommendation of the GST Council.
The GST e-invoicing system was implemented from October 1, 2020, for businesses with annual turnover of Rs 500 crore or more. It was later extended to businesses with over Rs 100 crore turnover from January 1, 2021.