GST E-Invoicing – Enhancement of aggregate turnover for applicability of E-Invoicing  

CBIC has issued Notification No 60/2020 – Central Tax and Notification No 61/2020 – Central Tax Dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores. Earlier the said limit for preparing E-Invoice was Rs 100 Crores. The provisions shall come into effect from 1st October, 2020.

The summary of notification is summarised below

Sl. No Notification No Date Summary of Notification
1 61/2020 – Central Tax 30-07-2020 The turnover limit for applicability of E-Invoicing provisions for registered Taxpayers has been enhanced to Five hundred crore rupees (Earlier the said limit was Rs 100 Crores)

E-Invoicing shall not be applicable to aSpecial Economic Zone

2 60/2020 – Central Tax 30-07-2020 New Format/ Schema for E-Invoice has been released (Version 1.1).
3. 13/2020-Central Tax 21-03-2020 Date for implementation is proposed from 1st October, 2020

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