16
March
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Comments
Update on E Invoicing requirement
The Government has amended the requirement for the issuance of E Invoice. As per Notification No. 05/2021 – Central Tax 8th March 2021, the tax payers with turnover exceeding INR 50 crores in any financial year from 2017-18 are required to issue E Invoice in respect of the B2B supplies and export transactions.
The requirement is not applicable to the SEZ units and for the B2C transactions.
The tax payers are required to take note of the requirement prepare the necessary IT infrastructure to generate the E Invoices from 1st April 2021.
Click here for the notification – E-invoicing – notification