The E-Invoicing turnover threshold to be increased to Rs 500Cr from Rs 100Cr
As per news update, now taxpayers with a turnover of Rs 500 crores or more have to comply with E-Invoicing. The CBIC will soon announce this within a week. Earlier the threshold for E-Invoicing was Rs 100 Cr.
This news was confirmed by a top official in the ASSOCHAM webinar. The Central Board of Indirect Taxes and Customs will in a week’s time come out with a notification.
E-invoicing, a form of electronically-authenticated invoices, is applicable from 1 October 2020.
You May Also Refer:
- New GST Returns Scrapped by Government: Modified version of Existing to Continue
- Discussion on New GST Return Changes
- GSTR-2A data to be linked with GSTR-3B for better ITC management
The post E-Invoicing turnover threshold to be increased to Rs 500Cr from Rs 100Cr appeared first on Studycafe.
from Studycafe https://ift.tt/3htGSqb
No comments:
Post a Comment