Mandatory e-invoicing for taxpayers exceeding turnover of INR 20 crores from April 01, 2022

Earlier, the CBIC vide Notification No. 70/2019 – Central Tax dated December 13, 2019 notified the class of registered person required to issue e-invoice, whose aggregate turnover in a financial year exceeds INR 100 crores, which was later superseded vide Notification No. 13/2020–Central Tax dated March 21, 2020 w.e.f. 01.10.2020 (“NN 13/2020”) (as amended from time to time vide Notification No. 61/2020–Central Tax dated July 30, 2020 w.e.f. October 1, 2020, Notification No. 88/2020–Central Tax dated November 10, 2020 w.e.f. January 01, 2021 and Notification No. 05/2021–Central Tax dated March 08, 2021 w.e.f. April 01, 2021 in order to amend the turnover limit from INR 100 crores to INR 500 crores, from INR 500 crores to INR 100 crores and from INR 100 crores to INR 50 crores respectively, for the registered person).

Notification:

Now, the CBIC vide Notification No. 01/2022 – Central Tax dated February 26, 2022 has issued amendment in NN 13/2020, so as to notify such turnover limit from INR 50 crores to INR 20 crores in a following manner:

• W.e.f. April 1, 2022, the class of registered person are mandatorily required to issue e-invoice, whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds INR 20 crores.

The Notification can be accessed at - https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-01-central-tax-english-2022.pdf