Starting August 1, businesses with aggregate turnover of Rs 5 crore or more will have to mandatorily opt for e-invoicing under the Goods and Services Tax (GST).
“GST taxpayers whose aggregate turnover exceeds Rs 5 crore in any financial year … Generating e-invoices for both supply of goods or services or both, or for exports will be mandatory from August 1,” the Central Board of Indirect Taxes and Customs tweeted on Friday.
Source a2ztaxcorp
