E-Invoicing Clarity
This query is : Resolved
11 March 2024
Dear Sir/Madam,
would like to know from when is e-invoicing applicable to a company if the turnover of the company in the current financial crossed 5 crores mark in the month of October 2023 and the present turnover is 11 crores, where as in none of the previous financial years it was never above 3 crore mark.
Do we need to start the e-invoicing with immediate effect or do we have an option to do it from 1st April 2024?
Request you kind advice on the same.
Thanks in advance.
Regards
Mohith
would like to know from when is e-invoicing applicable to a company if the turnover of the company in the current financial crossed 5 crores mark in the month of October 2023 and the present turnover is 11 crores, where as in none of the previous financial years it was never above 3 crore mark.
Do we need to start the e-invoicing with immediate effect or do we have an option to do it from 1st April 2024?
Request you kind advice on the same.
Thanks in advance.
Regards
Mohith
11 March 2024
Yes, E invoice applicable to You from 1st April 2024.
16 August 2025
Since your past year turnover (none exceeding ₹3 crore) was always below the ₹5 crore threshold, even though your current turnover has now crossed it, you’re not required to implement e-invoicing immediately. The mandate will apply only from the fiscal year following the first year in which the threshold is exceeded, i.e., starting April 1 of the next FY in which your turnover exceeds ₹5 crore.
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