Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 100 Cr from 01st January 2021

Last updated: 19 November 2020

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The Central Board of Indirect Taxes and Customs (CBIC) has amended the Central Goods and Services Tax Rules, 2017. Effective from 1st January 2021, businesses with an aggregate turnover exceeding ₹100 crore are required to implement e-invoicing. This change updates the previous threshold of ₹500 crore.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

Notification No. 88/2020–Central Tax

New Delhi, the 10th November, 2020

G.S.R....(E) - In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated 21st March, 2020, namely:‑

In the said notification, in the first paragraph, with effect from the 1st day of January, 2021, for the words “five hundred crore rupees”, the words “one hundred crore rupees” shall be substituted.

[F. No. CBEC-20/06/04/2020-GST]

PRAMOD KUMAR, Director

Note : The principal notification No. 13/2020 – Central Tax, dated the 21st March, 2020 was published in the Gazette of India, Extraordinary, vide number G.S.R. 196(E), dated 21st March, 2020 and was last amended vide notification No. 70/2020-Central Tax, dated the 30th September, 2020, published vide number G.S.R. 596(E), dated the 30th September, 2020.

FAQ :

Businesses with an aggregate turnover exceeding ₹100 crore are now required to implement e-invoicing.

This requirement comes into effect from the 1st day of January, 2021.

The previous turnover threshold for e-invoicing was ₹500 crore.

This mandate is governed by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017.

Notification No : Notification No. 88/2020–Central Tax
Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-88-central-tax-english-2020.pdf;jsessionid=D8FC93AFCDE9A2929D8B5FACE6487A68

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