CBIC has reduced the turnover limit for GST e-invoice to Rs.50 crores with effect from 1st April 2021

The Central Board of Indirect Taxes and Customs vide its notification dated 8th March 2021 has reduced the applicability of GST E-invoicing threshold from Rs.100 Crores to Rs.50 Crores with effect from 1st April 2021.

At present, issuing electronic invoices is mandatory for businesses with a turnover of Rs 100 crore and more, which has been put into effect from October 1, 2020.