E-Invoicing is mandatory from 1^st April, 2020 (Refer Notification No. 71/2019 Central Tax dated 13.12.2019)

E-Invoicing was applicable for:-

• Registered person whose aggregate turnover in a FY exceeds Rs 100 Cr.
• in respect of supply of Goods/Services to Registered Person (B2B).

Implementation of E-Invoicing stands deferred to 1st Oct, 2020.

Further, below sectors are exempted for provisions of E-Invoicing –

• Banking,
• Insurance,
• Financial Institutions,
• Good Transport Agency (GTA)
• Passenger Transportation Service,
• Sale of Movie Tickets

Limit of Rs. 100 Cr has also been increased to Rs. 500 Cr. through Notification no. 61/2020-Central Tax dated 30.07.2020 i.e. E-Invoicing will not be applicable for Registered person having turnover of up to Rs. 500 Cr during a financial year.

Click on below link to check latest updates for Notification no. 61/2020

https://www.expertadvisorz.com/cbic-notifies-new-threshold-for-e-invoices-applicable-from-1st-october-2020/