♣ E-Invoicing made mandatory for Registered Person having Aggregate Turnover more than 100 crore rupees in a year.
♣ Turnover of current F.Y. shall be consider.
♣ Provision shall come into effect from 1st Oct 2020.
A new refined format of e-invoice has been notified by CBIC adding 20 new fields and removing 13 fields. Certain fields have undergone changes in character length as well.
|Type of Supplier||Turnover Limit||Mechanism|
|B2B Suppliers||50 crores in any F.Y from 2017-18 onwards||E-Invoicing|
|B2C Suppliers||500 crores in any F.Y from 2017-18 onwards||Dynamic QR code|