GST e-invoicing turnover threshold reduced to Rs. 20 Crores from Rs. 50 crores.
Now, GST e-invoicing mandatory if turnover exceeds Rs. 20 Crores instead of Rs. 50 crores w.e.f. 01.04.2022.
CBIC has issued Notification No. 01/2022 –Central Tax dated 24.02.2022 lowering the turnover threshold for issue of GST e-invoice to Rs. 20 crores from Rs. 50 crores with effect from 1st April 2022.
Earlier the turnover threshold for GST e-invoicing was lowered to Rs. 50 Crores from Rs. 100 crores.
Download Notification No. 01/2022 Central Tax Click Here >>
- Refusing to condone delay can result in a meritorious matter thrown out at threshold
- Prior period income cannot be considered as income of the current year
- SC condoned delay of 972 days in filing appeal due to restructuring in Department
- No addition on mere valuation report when stamp duty valuation is available
- ITAT deleted penalty for making a wrong claim of deduction u/s 54F/54B
