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CBIC has issued Notification No 60/2020 - Central Tax and Notification No 61/2020 - Central Tax Dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores. Earlier the authority had said that the limit for preparing E-Invoice was Rs 100 Crores. The provisions shall come into effect from 1st October, 2020.

GST E-Invoicing - Enhancement of Aggregate Turnover to Rs 500 crore

The summary of notification is summarised below

Sl. No

Notification No

Date

Summary of Notification

1

61/2020 - Central Tax

30-07-2020

The turnover limit for applicability of E-Invoicing provisions for registered Taxpayers has been enhanced to Five hundred crore rupees (Earlier the said limit was Rs 100 Crores)

E-Invoicing shall not be applicable to a “Special Economic Zone”

2

60/2020 - Central Tax

30-07-2020

New Format/ Schema for E-Invoice has been released (Version 1.1).

3.

13/2020-Central Tax

21-03-2020

Date for implementation is proposed from 1st October, 2020

 
 

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Category GST, Other Articles by - Rohit Kumar Singh 



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