GST e-invoicing mandatory from January 1, 2021 if turnover exceeds Rs 100 cr

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GST e-invoicing mandatory from January 1, 2021 if
turnover exceeds Rs 100 cr
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The Central Council for Indirect Tax and Customs
(CBIC) notified on Tuesday that electronic
invoices for GST will be mandatory for any
company with sales above Rs 100 million as of
January 1, 2021. The pre-set threshold was a
sales volume 500 million rupees.
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Within the framework of the exercise of the
powers granted by virtue of sub-rule (4) of Rule
48 of the Central Tax Rules on goods and services
of 2017, the government, based on the
recommendations of the Council, makes the
following amendments Additional information in
the Notice of the Government of India in the
Ministry of Finance (Revenue Administration), No.
13/2020 - Central Tax, March 21, 2020, published
in The India Gazette, Exceptional, Part Two,
Section 3, Subsection (1) with Notice No. GSR 196
(E) of March 21, 2020, which is - e-invoicing,
Ministry of Finance, Medium Enterprises, Central
Goods and Services Tax Rules
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