Class of registered person who are required for generate e-invoice from 1st day of January, 2021 onwards notified by CBIC

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No.88-Central Tax dated 10th November, 2020 in order to modify Notification No.70-Central Tax dated 30th September, 2020 to notify the class of registered person who shall be required to generate e-invoice from 1st day of January, 2021.

According to the amendment in the Notification, the registered persons whose annual turnover in any preceding financial year from 2017-18 onwards exceeds INR 100 crores shall be required to generate e-invoice in respect of supply of goods and/or services or both to a registered person or for exports. Currently, till December, 2020 the threshold is INR 500 crores.

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