![]() ![]() This article covers various FAQs on the e-invoicing system under GST.īasics of e-invoicing What is e-invoicing?Įlectronic invoicing or e-Invoicing is a system of raising invoices, under which invoices generated by one software can be read by any other software, eliminating the need for any fresh data entry or errors. If you’ve multiple GSTINs in hand, you can use the GST search tool to check and confirm the GSTIN for which you want to raise the e-invoice. Sooner, it shall apply to those businesses with a turnover of more than Rs.5 crore from 1st January 2023.Īggregate turnover for e-invoicing will include the turnover of all GSTINs under a single PAN across India. Recently, the system expanded to cover businesses with turnover over Rs.10 crore from 1st October 2022. Thereafter, the government extended the e-invoicing applicability to businesses having more than Rs 20 crore turnover w.e.f 1st April 2022. On 8th March 2021, the CBIC also notified the applicability of the e-invoicing system from 1st April 2021 for businesses with total turnover ranging between Rs.50 crore to Rs.100 crore. E-invoicing was extended to businesses with an aggregate turnover exceeding Rs.100 crore from 1st January 2021. ![]() ![]() The e-Invoicing system under GST was implemented from 1st October 2020 for taxpayers with an aggregate turnover exceeding Rs.500 crore.
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