E INVOICING GST ANNUAL TURNOVER (LAST FY OR CURRENT FY)

Dear all I would like to know - last year my turnover is no 50 crores - but in current FY turnover crossed 50 crores in the month of Oct 2021 - should i start issue E Invoices from Nov 2021 onwards or the same is applicable from Apr 2022 (next Financial year) - Please advise 

Replies (2)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) e-invoicing requirements based on annual turnover. If your turnover exceeded ₹50 crore in any previous financial year from 2017-18 onwards, you are required to generate e-invoices. For those whose turnover crossed ₹50 crore in the current financial year (e.g., October 2021), the obligation to generate e-invoices typically begins from the next financial year (April 2022), not immediately.

As per Notification "any previous financial year from 2017-18", means if your turnover exceeds Rs.50.00 Crore Rupees in any previous financial year starting from 2017-18 you have to generate e- Invoice. Hence you are only has to generate e-Invoice from April 2022 only.

You will have to generate it from next FY 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register