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About E Incoice

12 April 2022

Sir the turnover of a firm in fy 2021-22 was above Rs. 20.00 crore than is it necessary for the firm to raise E Invoice or not.

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5 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14183 Points)
Replied 12 April 2022

What is your Business ?. Because very few business are excluded .

Rajan Dubey (68 Points)
Replied 12 April 2022

Business is of Food Grains trading and total sale is non gst

CA Puja Sharma (Chartered Accountant) (4874 Points)
Replied 12 April 2022

If the whole of the business is of wholly exempted or nil rated goods then e-invoicing will not apply.

To issue the only bill of supply

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 09 June 2022

No need to generate e-invoice as you are dealing purely in non gst supply.

Heena Bashmakh (13 Points)
Replied 10 June 2022

E-Invoice is applicable to all B2B Invoices, after generating E-Invoice a unique Invoice Reference Number (IRN) will get generated. Currently, E-invoice is applicable to business that has a turnover of more than 50cr but from 1st April 2022, E-Invoice is applicable to all Businesses which have a Turnover of more than 20cr. To know more about it refer to E-Invoice Blog.