26 March 2022
From 1.04.2022, e-invoicing is mandatory for entities whose turnover is greater than 20 crores in any preceding F.Ys from 2017-18. In a case where, turnover crossed 20 crores but out of which taxable supply is less than 1 crore and remaining are exempted turnover. E-invoicing is mandatory in this scenario?
26 March 2022
Yes it will be as the aggregate turnover for threshold limit of Rs 20 crore includes exempted as well but you need to generate e invoices only in respect of B2B taxable supplies.
CAclubindia
