News > Effective January, e-invoicing mandatory for businesses with ₹100 crore sales
Effective January, e-invoicing mandatory for businesses with ₹100 crore sales
11/11/2020 02:19 PM | Click to read full article
The government has tightened compliance norms for Goods and Services Tax (GST) by making electronic invoice (e-invoice) mandatory from 1 January for businesses with more than ₹100 crores in sales, down from ₹500 crores now.
The new threshold for e-invoicing, which entails real-time validation of transaction details in a portal run by National Informatics Centre, was signed off on Tuesday, as per official notification.
