E invoice applicability if turnover cross 5 crore during Current FY

This discussion clarifies the applicability of e-invoicing when a business's turnover exceeds 5 crore during the current financial year. While the general rule is for FY 24-25, an amended notification states that taxpayers with a turnover of 5 crore or more in any financial year from 2017-18 must issue e-invoices from August 1st, 2023. The core question is whether e-invoicing applies immediately upon crossing the 5 crore threshold within the current financial year.