E-INVOICE APPLICABILITY W.E.F. 01-04-2022

 

E-INVOICE APPLICABILITY W.E.F. 01-04-2022

 

The Central Board of Indirect Taxes and Customs (CBIC), has mandated the entities with Turnover exceeding Rs. 20 Crores to comply with the norms of E-invoice with effect from 01-04-2022 vide notification no 01/2022-Central Tax dated 24-02-2022.

Currently, E-invoice is applicable to entities whose turnover exceeding Rs. 50 Crores for Financial Years 2017-18 and onwards. The limit of Rs. 50 Crores is got reduced to Rs. 20 Crores though this notification.

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CA Sanjay R Shetty