![]() ![]() The 5th phase of e-invoice implementation is said to begin from 1 st October 2022 and will be applicable for businesses with an annual turnover exceeding 10 crores in any previous financial year.Īnnual turnover in the previous financial year If you are new to the concept and would like to know more, please read ‘ What is e-Invoice in GST?’ e-Invoice business applicability from 1st October 2022 Generate e-Invoice Instantly in TallyPrime Best e-Invoicing Software Solution for Businesses in India ![]() In turn, the IRN and QR code should be printed on the invoice by the supplier before issuing it to the buyer. From 1st October 2022, e-invoicing will be applicable for businesses with a turnover exceeding 10 crores.Įlectronic invoicing, popularly called as ‘ e-invoice’ is a concept in which all B2B invoices are electronically uploaded by the supplier and authenticated by invoice registration portal (IRP) with an IRN and QR code. With e-invoicing already implemented for businesses with a turnover of 50 crores, the current phase is applicable for businesses with a turnover exceeding 20 crores from 1 st April 2022.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |