e-invoicing under GST- decoded by the GST Consultant in Udaipur

E-invoicing essentials decoded by CA in Udaipur and expert GST Consultants in Udaipur . Understand e-invoice generation rules, API formats, steps to generate, and other key aspects for smooth GST compliance.

As per Rule 48(4) of the Central Goods and Services Tax Rules, 2017, notified dealers have to generate e-invoice.

The provision of e-invoice was started from 1 October 2020 and at that time, it was made necessary to issue e-invoice for those traders whose aggregate turnover was more than Rs 500 crore in any year from the financial year 2017-18 till 31.12.2020.

 After this, it was made mandatory for turnover of Rs 100 crore from January 1, 2021.Thereafter It was implemented on traders with sales of more than Rs 50 crore from April 1, 2021.

From April 1, 2022 it was implemented on traders with aggregate turnover of more than Rs 20 crore and from October 1, 2022 it was made effective on traders having aggregate turnover of more than Rs 10 crore . from 1 August 2023.It was implemented has been implemented on traders with aggregate turnover more than Rs 5 crore.

The various notifications by which this provision has been made are as follows

Notificaion no.DateAggregate Turnover Rs in croreFrom period to When
500From 1.10.2020 to  31.12.2020
88/2020- CT10.11.2020100From 1.1.2021 to  31.03.2021
05/2021- CT08.03.202050From 1.4.2021 to 31.03.2022
01/2022- CT24.02.202020From 1.4.2022 to  30.09.2022
17/2022- CT01.08.202210From 1.10.2022 to  31.07.2023
10/2023- CT10.05.20235From 1.08.2023 to  till date

Confused about e-invoicing requirements? Get clarity from GST Expert in Udaipur or CA in Udaipur on who needs e-invoices, API formats, steps, and other must-knows.

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