01 October 2022
If somebody created a new company in FY 21-22 and turnover for FY21-22 was less than 10 CR, will e-invoice be applicable if the current year FY 22-23 (From Apr 22 to Sep 22) turnover exceeds 10 CR,
Will E-invoicing be mandatory from 1st October 22 in this case or will it become mandatory in next FY 23-24 only (i.e starting April 23).
All literature mentions previous years turnover and their is no mention of current year anywhere.
01 October 2022
Not applicable for the current year.
From 1st October 2022, the government made e invoicing mandatory for businesses with a total annual turnover of more than Rs. 10 crore in any previous financial year from 2017-18 to 2021-22
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