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E_invoicing above 5 crore

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MURALIDOSS

INCOME TAX PRACTITIONER

1023 Points Posted on 29 July 2022

For a dealer above 5 crore he doing recharge business by the way of B2CS through electronic receipts.

Is it we need to generate E-invoice for the same?

Replies (2)

Quick Summary

This discussion clarifies whether businesses with a turnover exceeding 5 crore need to generate e-invoices for B2C recharge transactions. Currently, e-invoicing is not mandatory for B2C sales, although a dynamic QR code may be required. However, there are plans to lower the e-invoicing threshold to 5 crore turnover, making it applicable to more businesses.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121543 Points Posted on 30 July 2022

As of now, e-invoicing is not applicable to B2C transactions. However, the law requires certain entities (to whom e-invoicing is applicable) to generate and print a dynamic QR code for B2C invoices.

Sai Allu

213 Points Posted on 23 August 2022

The government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, thus bringing the threshold down from the current Rs 20 crore, according to a government official.