This discussion clarifies the applicability of e-invoicing for Goods Transport Agencies (GTA) following the increase in turnover threshold to 5 crores from August 1, 2023. While GTAs were previously exempt, the new rules may require them to issue e-invoices. The specific case of GTAs opting for the Forward Charge Mechanism (FCM) is highlighted as a key factor in determining e-invoicing requirements, as opposed to situations where Reverse Charge Mechanism (RCM) applies.
As E invoicing is applicable for the business with 5 crores turnover w.e.f 1st august 2023, is there any changes in the services which are exempted from issue of E Invoice. We are registered Goods Transport Agency and we are currently exempted from issue of E inovice. Please clarify whether we need to issue E invoice with the amendment of turnover limit from 1.8.23.