Sir, My turnover was above 5 crore in F. Y. 18-19, since than it was reduce upto 4 crore from f. y. 19-20 to 22-23 so can i apply for E-Invoice yes or no.
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Quick Summary
This discussion clarifies the e-invoicing mandate for businesses with a turnover exceeding 5 crore. If your aggregate turnover was 5 crore or more in any preceding financial year from FY 2017-18 onwards, e-invoicing is mandatory for you from 1st August 2023, regardless of current turnover. This is based on Notification 10/2023 CT.
Yes its mandatory. As per Notification 10/2023 CT : If you have aggregate turnover 5 crore in any preceeding Financial years starting from fy 2017-18 you are liable to generate E-invoice.
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