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E invoicing
when e invoicing will commence and what is exemption limit
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The taxpayers with annual aggregate turnover of over Rs 500 Crore can voluntarily generate e-invoices starting from 7 January 2020 through APIs. Whereas the taxpayers with the turnover over Rs 100 but less than Rs 500 Crore can join them from 1 February 2020. The electronic invoicing will be mandatorily implemented from 1 April 2020. for taxpayers with turnover over Rs 100 Crore. The aggregate turnover will include the turnover of all GSTINs under a single PAN, across India.
E-invoice presently applicable where GSTIN of the recipient is mandatory - B2B, deemed exports & SEZ supplies.
B2C, exports are expected to be implemented in phase 2 of implementation.
Suggest you to go through the FAQ for more clarity (attached!)
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