E-Invoicing Clarity

This query is : Resolved

Mohith Guptha (Querist)
Follow

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)
Follow

11 March 2024 Yes, E invoice applicable to You from 1st April 2024.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

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.

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