GST e-Invoice mandatory from 1st April 2022

gst e-invoice mandatory

e-Invoice under GST is now mandatory

Latest update regarding e-invoice under gst.

e-Invoice is now mandatory for businesses having Annual aggregate turnover above Rs.20 Crore for B2B supplies in any preceding financial year from 2017-18 onwards.

This e-invoicing rules will be applicable from 1st April 2022.

What is e-Invoice under GST?

e-Invoice is a System developed for GST registered person for generating and uploading all the B2B invoices to the Invoice Registration Portal (IRP).

IRP generates digitally signed e-invoice and QR code, with a unique Invoice Reference Number (IRN) to the user.

Statistics on e-Invoice as on Date

Total number of e-Invoices generated in the month of July 2022 – 13.21 Crores

Total number of e-Invoice generated till date from the date implementation (22 months): 200 Crores

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