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. 88/2020Central 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 theCentral 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),N

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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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