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About E Incoice
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.
Replies (5)
Quick Summary
What is your Business ?. Because very few business are excluded .
Business is of Food Grains trading and total sale is non gst
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
No need to generate e-invoice as you are dealing purely in non gst supply.
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.
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