Einvoice applicability

The taxpayer had a turnover of 2 crore in the financial year 2022-23. In January 2024, the turnover crossed 5 crore. Let’s determine whether the taxpayer is required to issue e-invoices in the financial year 2023-24.

According to the e-invoicing rules in India, a taxpayer is required to issue e-invoices if their aggregate turnover exceeds 50 crore rupees in any financial year. Since the taxpayer’s turnover crossed 5 crore in January 2024, they are indeed required to issue e-invoices for the entire financial year 2023-24.

Therefore, the taxpayer should start e-invoicing from the beginning of the financial year 2023-24 (i.e., from April 1, 2023).

Whether taxpayer is required to issue e invoice in 23-24?

--->>> No.


for which period he should start E-Invoicing?

---> From 1st April 2024.

Is it from 1/4/23 or 1/4/24 or from Jan 24 still not clear.

Originally posted by : CA NAMRATA KAYARWAR
	Is it from 1/4/23 or 1/4/24 or from Jan 24 still not clear.

No doubts...

 

It's applicable from 01/04/2024...

 

(The FY 23-24 don't have previous year Turn Over above 5cr.

But, FY 24-25 have previous Year Turn Over above 5cr as per Your query.

So, E invoice applicable from 1st April 2024 based on previous Year Turn Over)

Originally posted by : CA NAMRATA KAYARWAR
	Is it from 1/4/23 or 1/4/24 or from Jan 24 still not clear.

Even You can check out the availability in E invoice portal. So, go and try to check out the Your details.

I agree with Raja PM, applicable from 1.4.24.

Thanks @ Raja P M

Originally posted by : CA NAMRATA KAYARWAR
	Thanks @ Raja P M

You are most Welcome