Annual turnover | New date of mandatory implementation of e-invoice |
Exceeding 500 crore | 1st October, 2020 |
Exceeding 100 crore | 1st January,2021 |
Exceeding 50 crore | 1st April,2021 |
Exceeding 20 crore | 1st April,2022 |
Exceeding 10 crore | 1st October, 2022 |
In the recent update, e-invoicing will be applicable for businesses with a turnover exceeding 10 crores from 1st October 2022