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Govt notifies e-invoicing for companies with Rs 500-crore turnover

The move comes as the government is looking at ways to plug evasion amid dismal GST collections with the pandemic driving economy towards recession

Topics
GST collections | Goods and Services Tax | tax evasion

Dilasha Seth  |  New Delhi 



GST
GST notification comes as relief for small firms as the turnover threshold has been hiked from the earlier proposed Rs 100 cr

The government has notified an e-invoicing system under the (GST) regime which makes it mandatory for large businesses with turnover of over Rs 500 crore to submit sales invoices electronically.

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First Published: Sat, August 01 2020. 01:31 IST

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