CNBC-TV18
- Aug 2

New GST rule from today: Companies with more than Rs 5 crore turnover must generate e-invoices

All GST taxpayers whose aggregate annual turnover exceeds Rs 5 crore in any financial year will have to mandatorily generate e-invoices for business-to-business (B2B) supply of goods and or services or for exports, starting August 1, Tuesday. Earlier, companies with an annual revenue of Rs 10 crore or above were only required to generate e-invoice. Experts say that change in e-invoice rule and inclusion of companies with lesser turnover can help boosting the micro, small and medium enterprises (MSME) entities.