One of My Client Turnover Exceed 50 Cror For F.Y.2020-21, Is E Invoice Applicable for My Client.
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Quick Summary
This discussion clarifies the applicability of e-invoicing for businesses. If your client's turnover exceeded 50 crore rupees in the financial year 2020-21 (or any year from FY 2017-18 onwards), then e-invoicing is mandatory. This rule came into effect from April 1st, 2021.
E-invoicing will be applicable from 1st April 2021 for businesses with a turnover of more than Rs.50 crores (in any financial year from FY 2017-18 onwards).