CBIC implements e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr from 01st April 2022

Circular No. ES/261/2021-22                      04th March, 2022     

 To: Members of the Council    

Sub: CBIC implements e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr from 01^st April 2022  

Dear Member,    

As you may be aware, e-Invoicing (electronic invoicing) is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. It was implemented from 1^st October, 2020 for taxpayers with an aggregate turnover exceeding Rs.500 crore. Subsequently, it was extended to businesses with an aggregated turnover exceeding Rs.100 crore from 1^st January 2021. Later, e-invoicing was implemented for businesses with a turnover of more than Rs.50 crore from 1^st April 2021. 

Now, CBIC has issued Notification No. 01/2022 – Central Tax dated 24^th February, 2022 by implementing e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr. from 01^st April, 2022.  In this regard, amendments have been made in Notification No. 13/2020 – Central Tax, dated 21^st March, 2020. 

Members may kindly make a note of the above.   

Thanking you,                    

Yours faithfully,                     

S. BALARAJU             

EXECUTIVE DIRECTOR