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