E INVOICE THREASHOL LIMIT

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the threshold limit for e-invoicing under the GST Act. While the current limit stands at Rs. 100 crores, there are plans to extend e-invoicing to all B2B businesses. The latest advice indicates that no notification has been issued for making it mandatory for businesses with turnovers above Rs. 5 crore from April 1st, 2021, and it's advised to wait for official announcements.

MAHESHA R

MAHESHA R (Querist)
Follow

03 March 2021 Dear Expert

Kindly advise what is the threshold limit for e invoice under GST Act from 01-04-2021 onwards.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

03 March 2021 The government plans to bring all B2B businesses under the scope of e-Invoicing from 1st April 2021.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
Follow

03 March 2021 The present threshold limit is Rs. 100 crores. However the government might make e-invoicing mandatory for all B2B supplies in the coming months.

MAHESHA R

MAHESHA R (Querist)
Follow

03 March 2021 Dear Sir

Kindly advise is it Mandatory for Above 5 Crore Turnover from 01.04.2021 e Invoice.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

03 March 2021 Wait for notifications. No such notification issued so far.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now