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 01st April 2022
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 1st 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 1st January 2021. Later, e-invoicing was implemented for businesses with a turnover of more than Rs.50 crore from 1st April 2021.
Now, CBIC has issued Notification No. 01/2022 – Central Tax dated 24th February, 2022 by implementing e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr. from 01st April, 2022. In this regard, amendments have been made in Notification No. 13/2020 – Central Tax, dated 21st March, 2020.
Members may kindly make a note of the above.