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E-invoicing on rental income

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Gangeshwar

proprietor

136 Points Posted on 01 April 2022

Dear All

One company was previously acting as dealer of tractors and the average annual turnover was 30 crores (approx.) The company also had rental income from various properties. Since last year the company discontinued the dealership of tractors. Now the query is whether e-invoicing is applicable to the company and e-invoice needs to be generated for rental income.

Please suggest, with appropriate circulars, rulings(if possible)

Replies (2)

Quick Summary

This discussion explores whether e-invoicing is applicable to a company that has transitioned from a tractor dealership to primarily earning rental income from properties. The core question is whether e-invoices must be generated for this rental income, particularly for B2B transactions. Guidance on how to implement e-invoicing for rental services within accounting software is also sought.