APPLICABILITY OF E INVOICING
This query is : Resolved
03 May 2023
We have started new company. Obviously turn over for last year is Zero. But our turnover in this year will pass over 10 crores. Is E invoicing is applicable to us and when
CA R SEETHARAMAN
(Expert)
03 May 2023
It's applicable from next financial year.
If the turnover in the last FY was below the threshold limit but it increased beyond the threshold limit in the current year, then e-Invoicing would apply from the beginning of the next financial year i.e. FY 2024-25.
If the turnover in the last FY was below the threshold limit but it increased beyond the threshold limit in the current year, then e-Invoicing would apply from the beginning of the next financial year i.e. FY 2024-25.
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