E-invoicing mandatory for taxpyers whose turnover exceeds rupees 10 crores

 

E-INVOICE MANDATORY FOR TAXPAYERS ABOVE RUPEES 10 CRORES FROM 1.10.2022 UNDER GST

 

The Goods and Services Tax Act, 2017 came into force in India with effect from 1.7.2017.

The Central Government has already 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 10 crores with effect from 1.10.2022.

The relevant notification is given below for ready reference:

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)

CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS

 

NOTIFICATION No. 17/2022 – Central Tax

 

 

New Delhi, the 1st August, 2022

 

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 October, 2022, for the words

 

“twenty crore rupees”, the words “ten crore rupees” shall be substituted.

 

 

[F. No. CBIC-20021/2/2022-GST]

 

 

 

(Rajeev Ranjan) Under Secretary

 

Note: The principal notification No. 13/2020 – Central Tax, dated the 21st March, 2020 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated the 21st March, 2020 and was last amended vide notification No. 01/2022-Central Tax, dated the 24th  February, 2022, published vide number G.S.R. 159(E), dated the 24th February, 2022.