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. 05/2021Central Tax
New Delhi, the 8th March, 2021
G.S.R. 160(E). - Inexercise 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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue),N
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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.
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Notification No : 05/2021–Central TaxPublished in GST
Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-05-central-tax-english-2021.pdf