Notifications: CBIC has notified that e-invoicing shall be mandatory for all assesses having turnover more than 10 crores in any financial year from 2017-18 to 2021-22. E-invoicing will be effective from 1st Oct 2022.
The GST Council has decided to implement e-invoices in a phased manner. Businesses with an annual turnover of over Rs 5 crore will have to move to e-invoicing under goods and services tax (GST) from January 1.