Einvoice Latest News: Einvoicing Mandatory For Businesses Above Rs. 5 Crore Turnover
April 20, 2023 ⚊ 1 Min read ⚊ Views 70 ⚊ BUSINESSThe 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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