Einvoice Latest News: Einvoicing Mandatory For Businesses Above Rs. 5 Crore Turnover

April 20, 2023 1 Min read Views 70 BUSINESS

The concept of eInvoicing was introduced under the Goods and Services Tax (GST) law. The GST council announced a reduction of the eInvoice threshold to Rs. 5 crores starting on January 1st, 2023. The same applies to companies whose turnover is Rs. 10 crores to Rs. 5 crores. It can help prevent revenue leakage and provide simplified rules.

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