Is e-invoicing mandatory for the companies whose turnover is more than 5 crores from 1st April 2021?
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Quick Summary
This discussion clarifies the mandatory implementation of e-invoicing for businesses. While initially rumoured for companies with turnover over 5 crores from April 2021, recent notifications suggest it's mandatory for those exceeding 50 crores from April 2021. E-invoicing currently applies to businesses with turnovers above 100 crores, but further government announcements are pending for broader B2B transactions.