VATupdate
VAT

GST E-Invoicing for businesses with Rs 500 Cr Turnover from Oct 1, 2020

The government will notify a new GST e-invoice scheme under which businesses with turnover of Rs 500 crore and above will generate all invoices on a centralised government portal starting October 1, an official said on Thursday. Earlier, the turnover threshold for businesses was set at Rs 100 crore.

Source: a2ztaxcorp.com

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