BooksIQE-invoicing under GST is mandatory for any registered person whose Aggregate Annual Turnover (AATO) in any preceding FY from 2017-18 onwards exceeds ₹5 crore — the threshold was reduced from ₹10 Cr to ₹5 Cr with effect from 1 August 2023.
Key points
- E-invoicing requires uploading invoice details to the Invoice Registration Portal (IRP) and obtaining an IRN + QR code BEFORE issuing the invoice to the buyer.
- Applicable to B2B invoices, exports, credit/debit notes — NOT B2C, RCM self-invoices, or imports.
- Threshold phased down: ₹500 Cr (Oct 2020) → ₹100 Cr (Jan 2021) → ₹50 Cr (Apr 2021) → ₹20 Cr (Apr 2022) → ₹10 Cr (Oct 2022) → ₹5 Cr (Aug 2023).
- Exempt: SEZ units, insurers, banks/NBFCs, GTA, passenger-transport, exhibition of cinematograph films, government departments.
- Non-compliance: invoice deemed invalid, ITC disallowed at buyer's end.
Reference: Rule 48(4), CGST Rules + Notif 13/2020-CT amended
This page is general information for Indian businesses, current as of the
financial year shown above — not legal or tax advice. Tax law changes,
and how a provision applies depends on your specific facts. Confirm the
current position with a qualified professional before you act.
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