GST

Photo: The Indian Express

GST Council Mandates E-Invoice For Firms With Over Rs 5 Crore Turnover

After exempting e-commerce businesses with low turnovers from GST registration, the GST council has made e-invoicing mandatory for firms with a turnover above Rs 5 crore. The rule to be implemented from January next year, will also be applicable to businesses with a Rs 1 crore turnover in 2023. The move to completely make invoicing digital is aimed at ensuring compliance, after multiple cases of fake invoicing for GST fraud 

Tue, 11 Oct 2022 - 05:41 PM / by Varsha Joshi

Tags
GST Council
E-Invoice
Mandatory Rule
2023
Indian Firms
Courtesy
The Free Press Journal

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