The mandatory requirement for generating e-Invoice in terms of Rule 48(4) has been extended to all registered Taxpayers whose annual aggregate turnover in any of the three preceding financial years from 2017-18 has been more than Rs.50 Crore.
This compliance obligation takes effect from 1st April 2021, vide Notification No. 05 /2021, dated 08-03-2021 superseding the earlier parent notifications number 13/2020 dated 21-03-2020 and 88/2020 dated: 10-11-2020.
The applicability of E-invoicing threshold was Rs.500 crores till December 31, 2020, thereafter 100 crores till 31-03-2021 and now it is Rs.50 Crores with effect from 01-04-2021.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 05/2021–Central Tax
New Delhi, the 8th March, 2021
G.S.R. 160(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), No. 13/2020 – Central Tax, dated the 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 215t March, 2020, namely:‑
In the said notification, in the first paragraph, with effect from the 15t day of April, 2021, for the words “one hundred crore rupees”, the words “fifty crore rupees” shall be substituted.
[F. No. CBEC-20/13/01/2019-GST]
PRAMOD KUMAR, Director
Note: The principal notification No. 13/2020–Central Tax, dated the 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. 88/2020-Central Tax, dated the 10th November, 2020, published vide number G.S.R. 704(E), dated the 10th November, 2020.