Invoice Registration Portal (IPR) Current Affairs, GK & News

Threshold for Mandatory e-invoicing Lowered to ₹50 Crore

The Central Board of Indirect Taxes and Customs (CBIC) recently notified that the finance ministry has decreased the threshold for mandatory e-invoicing from rupees 100 crores to rupees 50 crores. This new rule will come into effect from April 1, 2021. Highlights e-invoicing involves the reporting details of the specified Goods and Services Tax documents ..