Published Date: 18th March 2021
Taxpayers Must Include HSN/SAC Code in their GST Tax Invoices wef 1.4.21. The Central Board of Indirect Taxes and Customs (CBIC) announced on March 8, 2021 that e-invoicing will be mandatory for companies with a turnover of more than Rs.50 crores (in any financial year from FY 2017-18 onwards) as of April1,2021, as stated in Notification No. 5/2021 –Central Tax....
Furthermore, as announced in Notifiable Information, E-Invoicing will be applicable to businesses with a turnover of more than Rs.100 crore in each of the financial years 2017-18 to2019-20, beginning January1, 2021.
From October1,2020, all companies with an aggregate turnover of more than Rs.500 crores in each of the previous financial years from 2017-18 to 2019-20 will be required to use E-Invoicing.
