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GST - No proposal to relax e-invoicing under GST regime says Finance Minister.

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Admin

28-Jul-2022 06:08:36

News Date: 26 July 2022

India has no proposal to relax the mandatory provisions of e-invoicing under the goods and services tax regime, according to a parliamentary response by the finance minister.

“Currently, E-invoicing is mandatory for taxpayers with aggregate turnover of more than Rs. 20 crores in a financial year with effect from April 01, 2022.”

The GST e-invoicing is expected to be mandatory for firms with a turnover of over Rs 5 crore from next year, tax officials have said.

Source: https://www.moneycontrol.com/news/business/no-proposal-to-relax-e-invoicing-under-gst-regime-finance-minister-says-8892201.html

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