{"id":13921,"date":"2022-07-08T12:56:56","date_gmt":"2022-07-08T07:26:56","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=13921"},"modified":"2025-10-29T15:37:08","modified_gmt":"2025-10-29T10:07:08","slug":"gst-e-invoicing-mandated-soon-business-rs-10-cr-5-cr-turnover","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/blog\/gst\/news-and-updates\/gst-e-invoicing-mandated-soon-business-rs-10-cr-5-cr-turnover\/","title":{"rendered":"GST E-Invoicing to Be Mandated Soon for the Business Having Rs. 10-Cr or More and Then 5-Cr Turnover"},"content":{"rendered":"

Businesses having turnover more than Rs. 5-Cr will soon come under the GST invoice. To this day, the threshold limit of e-invoicing is Rs. 20 Cr. Businesses that exceed the 20-crore turnover need to generate e-invoices either with the Government GST portal or using the Best GST Billing Software<\/strong><\/a> in the format mandated by the GSTN council. Each e-invoice has a unique identification code that is provided by the Invoice registration portal (IRP). A unique identification code enables machines to read the invoice info and identify them. Invoices not generated in proper format are considered to be invalid.<\/p>\n

Speaking in an interview with The Hindu Business Line, Revenue Secretary Tarun Bajaj says that the timeline for lowering the e invoice limit<\/a> is still not determined, but it may implement in the upcoming months. In the coming phase, e-invoices will be applicable to businesses having a turnover 10 Cr or more and then 5 Cr or more. He emphasized stabilizing the IT system as the number of assesses would go up in near future and without a robust IT system, it\u2019s not possible to bring businesses having 5 Cr turnover into invoicing slab. He further stated that the GSTN council is working on implementing new e-invoicing rules and it may implement in a few months.<\/p>\n

The government has made it clear that the new invoicing system will not increase the financial burden of traders as the GSTN is updating the portal for hassle-free e-invoice generation. The GSTN council introduced electronic invoicing in its 37th meeting on September 20, 2019, in a phased manner.<\/p>\n

GST Billing Software Facilitating e-Invoicing<\/h2>\n

Implementation of a new e-Invoicing system brings many new complications, which are better handled by GST Return File and Billing software<\/strong><\/a>. GSTN council has clarified that such software must comply with the parameters set by the council. The e-Invoice generated through third-party billing software must be read and understood by the machine. According to GSTN, many such GST billing software is generating e-invoices in different formats that are neither understood by the GST system nor by the systems of supplier and receiver.<\/p>\n","protected":false},"excerpt":{"rendered":"

Businesses having turnover more than Rs. 5-Cr will soon come under the GST invoice. To [\u2026]<\/span><\/p>\n","protected":false},"author":1273,"featured_media":20133,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3696,9267],"tags":[],"yst_prominent_words":[363,6294,443,531,369],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/13921"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/1273"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=13921"}],"version-history":[{"count":11,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/13921\/revisions"}],"predecessor-version":[{"id":16372,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/13921\/revisions\/16372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media\/20133"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=13921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=13921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=13921"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=13921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}