07 March 2022
Dear Sir, We are a manufacturing Company and this F.Y. 2021-22 our Turnover (inclusive of Tax) will be greater than 20 Crore but Exclusive of tax it will be less than 20 Crore till March 2022. I want to know whether E invoicing will be applicable on us or not. If No, then In next F.Y. i.e., 2022-23 if, We cross turnover limit of more than 20 Crore(exclusive of Tax) than E invoicing will be applicable in that year i.e. 2022-23 or it will be applicable for FY 2023-24. & how to calculate Annual Aggregrate Turnover for E-invoicing.
07 March 2022
“aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed, exclusive GST.
11 March 2022
Sir, Please Clarify, For e-Invoicing Applicability, Whether we have to Check Annual Turnover or Aggregrate Annual Turnover and what is the difference between them.
11 March 2022
E invoice not applicable for you as exclusive of tax turnover less than 20 crore. It's only annual aggregate turnover. E invoice applicable in 2022-23 from next of crossing turnover 20 crore.
16 March 2022
Sir, Thanks for resolving my query but 1 query is still unresolved. In next F.Y. i.e., 2022-23 if, We cross turnover limit of more than 20 Crore(exclusive of Tax) than E invoicing will be applicable for year i.e. 2022-23 or it will be applicable from FY 2023-24. Please Clarify.
16 March 2022
If your turnover will cross rs. 20 crore in FY 2022-23 then e-invoicing will apply from FY 2023-24
Further, the limit of turnover for e-invoicing has to be checked from FY 2017-18 onwards. If your aggregate turnover was more than Rs. 20 crore in any of the previous FY then e-invoicing provisions will in the current FY.
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