E-Invoicing applicability for entities having exempted supply with taxable supply
This query is : Resolved
26 March 2022
From 1.04.2022, e-invoicing is mandatory for entities whose turnover is greater than 20 crores in any preceding F.Ys from 2017-18.
In a case where, turnover crossed 20 crores but out of which taxable supply is less than 1 crore and remaining are exempted turnover. E-invoicing is mandatory in this scenario?
In a case where, turnover crossed 20 crores but out of which taxable supply is less than 1 crore and remaining are exempted turnover. E-invoicing is mandatory in this scenario?
26 March 2022
Yes it will be as the aggregate turnover for threshold limit of Rs 20 crore includes exempted as well but you need to generate e invoices only in respect of B2B taxable supplies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Copyright software
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
