GST: Revision of Limit of Aggregate Turnover For E-Invoice W.E.F. 01.04.2022
CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of ₹50 crores has been reduced to ₹20 crores vide Notification No. 01/2022 – Central Tax issued on 24th February, 2022.
Vide this notification, the CBIC has amended Notification No. 13/2020 – Central Tax, dated 21st March, 2020, to reduce the limit of aggregate turnover for the purpose of applicability of provisions of e-invoice from existing ₹50 crores to ₹20 crores.
Consequently, a registered person (other than a government department, a local authority, a Special Economic Zone unit and those referred to in sub-rules (2), (3), (4) and (4A) of rule 54) having aggregate turnover exceeding ₹20 crores in any preceding financial year from 2017-18 onwards, shall mandatorily prepare invoices and other prescribed documents, in terms of Rule 48(4) of the CGST Rules, 2017 in respect of supply of goods or services or both to a registered person or for exports.
The said amendment shall come into force w.e.f. 01st April, 2022.
CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of ₹50 crores has been reduced to ₹20 crores vide Notification No. 01/2022 – Central Tax issued on 24th February, 2022.
Ministry Of Finance
(Department Of Revenue)
(Central Board of Indirect Taxes And Customs)
New Delhi
Notification No. 01/2022-Central Tax | Dated: 24th February, 2022
G.S.R. 159(E).—In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Notification No. 13/2020 – Central Tax, dated 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated 21st March, 2020, namely:—
In the said notification, in the first paragraph, with effect from the 1st day of April, 2022, for the words “fifty crore rupees”, the words “twenty crore rupees” shall be substituted.
[F. No. CBIC- 20021/1/2022-GST]
RAJEEV RANJAN, Under Secy.
Note : The principal Notification No. 13/2020 – Central Tax, dated 21st March, 2020 was published in the Gazette of India, Extraordinary, vide number G.S.R. 196(E), dated 21st March, 2020 and was last amended vide notification No. 23/2021-Central Tax, dated the 1st June, 2021, published vide number G.S.R. 367(E), dated the 1st June, 2021.
Author Bio
My firm turnover is more than10 crore annually but out of those b2b sales is less than 10%. Also B2b sales is mostly for nil rated products(95%). Do we still need to raise e-invoice?
What is tile limit for uploading e invoices
Hello
we FY 21-22 turnover more then 20 Cr but we are Service Provider Road Transport GTA please confirm need to make E-invoice
Our company having two GST numbers one in DTA and other in SEZ (Special Economic Zone), our total turnover is more than 25 Crores (but DTA is 15 Crores and SEZ is 10 Crores), whether this E invoice is applicable to us or not. Please clarify
HI
PLEASE CLIRFY 20 CRORE TURNOVER INCLUDING GST OR EXCLUDING GST
Including GST
What its impact on year end activity on SAP?
EINVOICE IS REQUIRED FOR EXEMPTION GOODS TURNOVER IS MORE THAN 20 CR
1) Can we sale GST Exempted product by e invoice?
2)Can we sale to un registered dealer by e invoice?
Using Tally , Exceeding 20, crores Turnover
We are generating our bills under RCM and total tern over above 20 crore. We need to opt for einvoicing as GST is payable by buyer
SIR
TURNOVER UP TO 31.03.2021 BELOW 20 CRORE AND CURRENT YEAR TURNOVER ABOVE 20 CRORE SO E-INVOICE MAKE ELIGIBLE PLEASE CLEAR
yes
Is this notification applicable for exporters who are billing in foriegn currency?
Mostly Exporters have to make the invoice in foreign currency almost a month before actual despatch in order to do the bookings with the buyer’s nominated forwarders. In such cases, the E-invoicing is not possible month before and what is the solution?
very usefull….
What to do if F.Y. 2020-21 turnover was above 20 cr and F.Y. 2021-22 turnover reduced below 20 cr. Should I make E-Invoice from April 1 2022. Pls advise