Traders with an annual turnover above ₹5 crore must prepare e-invoices from August 1 this year for business-to-business transactions, the State Goods and Services Tax department said. The decision is applicable to traders who have reported annual turnover above ₹5 crore in any of the fiscals from 2017-18 onwards. They will have to prepare e-invoices for taxable goods and services and also for credit/debit notes issued by them.
Source a2ztaxcorp
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