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E-Invoicing mandatory for businesses with INR 5+ Cr turnover w.e.f. 1st Aug' 2023

Updated: Oct 5, 2023


E-Invoicing mandatory for businesses with INR 5+ Cr turnover w.e.f. 1st Aug' 2023

E-invoicing will be mandatory from August 1 for traders with annual turnover above ₹5 crore, the State Goods and Services Tax department has said. The decision applies to traders who have reported an annual turnover above ₹5 crore in any of the fiscals from 2017-18 onwards.


They must prepare e-invoices for taxable goods and services and also for credit/debit notes issued by them. If the trader fails to prepare the e-invoice, the recipient will not be eligible for input tax credit. E-invoicing is not applicable to traders who handle non-taxable goods under the GST Act.

Entities such as SEZ units, insurance, the banking sector including non-banking financial companies, goods transporting agencies and passenger transport services are exempted from the e-invoicing scheme. E-invoicing was applicable to transactions above ₹10 crore until the revision.





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