E-INVOICE MANDATORY FOR TAXPAYERS ABOVE RUPEES 20 CRORES FROM 1.4.2022 UNDER GST
The Goods and Services Tax Act, 2017 came into force
in
The Central Government has introduced E-Invoice for tax
payers as shown below:
Taxpayer Turnover |
Effective Date |
Above 500 Crores |
01.10.2020 |
Above 100 Crores |
01.01.2021 |
Above 50 Crores |
01.04.2021 |
Above 20 Crores |
01.04.2022 |
The Central Government has now extended the E-invoicing System to the taxpayers whose annual turnover is above rupees 20 crores with effect from 1.4.2022.
The relevant notification is given below for ready
reference:
[To be published in the Gazette of
Government of India Ministry
of Finance (Department of Revenue)
Central Board of Indirect
Taxes and Customs
Notification
No.
01/2022 – Central Tax
G.S.R.....(E).- In exercise of the powers conferred
by sub-rule (4) of rule 48 of the Central Goods and Services Tax
Rules, 2017, the Government, on the recommendations of the Council, hereby
makes the following further
amendment in the
notification of the Government of India in the
Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21st March,
2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide
number G.S.R. 196(E), dated 21st March, 2020, namely:-
In the said notification, in the first paragraph, with effect from the 1st day of April, 2022, for the
words “fifty crore rupees”, the words “twenty crore rupees” shall be substituted.
[F. No. CBIC- 20021/1/2022-GST]
(Rajeev Ranjan) Under Secretary to
the
Government of
Note: The principal notification No. 13/2020 – Central Tax, dated the 21st March, 2020 was published in the Gazette of India, Extraordinary, vide number G.S.R. 196(E), dated 21st March,
2020 and was last amended
vide notification No.
23/2021-Central Tax, dated the 1st June, 2021, published vide number G.S.R. 367(E), dated the 1st June, 2021.