E-invoices must for firms with ₹5 cr+ annual turnover

This will give time to the industry to ensure that any vendor supplying goods or services above ₹5 crore turnover is mandatorily issued an e-invoice to avoid any dispute with respect to availing input tax credit (ITC). Taxpayers can view the total turnover for the last fiscal year and also for the current fiscal year, based on the returns submitted up to this point.

from Economy-News-Economic Times https://ift.tt/8bXa4xI
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