E-Invoicing Clarity

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This query is : Resolved

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This discussion clarifies the application date for e-invoicing based on company turnover. If your current financial year's turnover crossed the £5 crore mark in October 2023, but previous years remained below £3 crore, e-invoicing is not immediately required. The mandate will commence from 1st April 2024, the start of the next financial year.

Mohith Guptha

Mohith Guptha (Querist)
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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

RAJA P M

RAJA P M (Expert)
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11 March 2024 Yes, E invoice applicable to You from 1st April 2024.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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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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