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Businesses With Turnover Of Over Rs 5 Crore To Generate E-Invoice From August 1

India News | Businesses with Turnover of over Rs 5 Crore to Generate E-invoice from August 1

Get latest articles and stories on India at LatestLY. Businesses with turnover of over Rs 5 crore will have to generate electronic or e-invoice for B2B transactions with effect from August 1. India News | Businesses with Turnover of over Rs 5 Crore to Generate E-invoice from August 1.

To boost GST compliance, Govt lowers B2B e-invoice threshold

Amid rising instances of GST frauds and cases of fake invoices, these changes are expected to broaden the compliance mandate for more businesses, especially small and medium enterprises and also help boost the GST revenue collections.

Businesses with turnover of over Rs 5 crore to generate e-invoice from August 1

Businesses with turnover of over Rs 5 crore to generate e-invoice from August 1
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