Businesses with ₹20cr+ turnover have to mandatorily generate E-invoice

  • On Saturday, the Central Board of Indirect Taxes and Customs said that the businesses having turnover over ₹20 crores would have to mandatorily generate electronic-invoice (E-invoice) for all their B2B (business-to-business) transactions from April 1.

  • The board released a notification.

  • From April 1 last year, companies with a turnover of more than ₹50 crore were generating B2B e-invoices.

  • This is now being extended to companies with a turnover of over ₹20 crore.


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