Slowly and steadily, the Government is making e-invoicing mandatory for wide numbers of suppliers. Currently, an e-invoice is mandatory for the registered person having an aggregate turnover of more than INR 100 Crores in a Financial Year. However, from 1st April 2021, e-invoice is going to be mandatory for all registered person having an aggregate turnover of more than INR 50 Crores in a Financial Year.
Accordingly, it is important to understand the generation as well as the cancellation of the Invoice Reference Number (IRN). The present article highlights all the provisions relating to the cancellation of the Invoice Reference Number.
Source Taxguru
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