Mandatory e-Invoicing under GST for Indian firms with turnover more than Rs 20 crores
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As per Government notification, from 1st April’22, GST e-Invoicing is mandatory for all companies with turnover upwards of Rs. 20 Crores.
Cygnet Tax Tech can offer four types of solutions to get you started with your e-Invoicing journey at attractive prices
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FAQ’s on e-Invoicing
e-Invoicing has become the hottest topic of discussion for all businesses and taxpayers. Beginning 1st Apr 2022, this game-changing, e-Invoicing mechanism will be implemented as a mandate for companies with a turnover exceeding ₹20 crores in any of the financial years from 2017-18 onwards.
The new e-Invoicing system is going to be helpful in avoiding reconciliation errors and preventing fake invoicing rackets.
Cygnet Tax Tech recently conducted a webinar to explain the facets of this e-Invoicing mechanism. The following are some of the questions and answers excerpted from the webinar interaction.