E INVOICE THREASHOL LIMIT

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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)

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)

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)

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)

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)

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

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