E-Invoice from October 1, 2022

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Amit Modi (Querist)
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01 October 2022 If somebody created a new company in FY 21-22 and turnover for FY21-22 was less than 10 CR, will e-invoice be applicable if the current year FY 22-23 (From Apr 22 to Sep 22) turnover exceeds 10 CR,

Will E-invoicing be mandatory from 1st October 22 in this case or will it become mandatory in next FY 23-24 only (i.e starting April 23).

All literature mentions previous years turnover and their is no mention of current year anywhere.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 October 2022 Not applicable for the current year.

From 1st October 2022, the government made e invoicing mandatory for businesses with a total annual turnover of more than Rs. 10 crore in any previous financial year from 2017-18 to 2021-22

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E-Invoice from October 1, 2022

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