Try the Best e-Invoicing Software for Free

Tally Solutions |Updated on: September 28, 2023

With the latest amendment from the Central Board of Indirect Taxes and Customs (CBIC), businesses with an annual turnover exceeding Rs 5 crore would be required to generate e-invoices for all B2B transactions. As per the recent mandate, from 1st August 2023, e-invoicing will become mandatory for all registered persons whose aggregate turnover in any prior financial year from 2017-18 onwards exceeds 5 crores. Till now, businesses with a Rs 10 crore and above turnover are required to generate e-invoices for all B2B transactions.