To implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 50 Cr from 01st April 2021

Last updated: 10 March 2021

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This notification amends previous rules regarding e-invoicing under the Central Goods and Services Tax (CGST) Act. Effective from April 1st, 2021, the aggregate turnover threshold for mandatory e-invoicing has been reduced. Businesses with an annual aggregate turnover exceeding fifty crore rupees will now be required to comply with e-invoicing regulations.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

Notification No. 05/2021–Central Tax

New Delhi, the 8th March, 2021

G.S.R. 160(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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21^StMarch, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated 21^5tMarch, 2020, namely:‑

In the said notification, in the first paragraph, with effect from the 1^5tday of April, 2021, for the words “one hundred crore rupees”, the words “fifty crore rupees” shall be substituted.

[F. No. CBEC-20/13/01/2019-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. 88/2020-Central Tax, dated the 10th November, 2020, published vide number G.S.R. 704(E), dated the 10th November, 2020.

FAQ :

The aggregate turnover threshold for mandatory e-invoicing has been reduced to fifty crore rupees.

This amendment takes effect from the 1st day of April, 2021.

Taxpayers having an aggregate turnover exceeding fifty crore rupees are affected by this notification.

This notification makes further amendments to sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017.

The previous threshold mentioned in the notification was one hundred crore rupees.

Notification No : 05/2021–Central Tax
Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-05-central-tax-english-2021.pdf

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