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Central Board of Indirect Taxes and Custom (CBIC) has made it mandatory for all firms with turnover of _______ and more to issue e- invoice (electronic invoice) under Goods and Services Tax (GST)
A)
Rs. 10 crore
B)
Rs. 20 crore
C)
Rs. 30 crore
D)
Rs. 40 crore

Correct Answer : Option (B) - Rs. 20 crore


Central Board of Indirect Taxes & Custom (CBIC) has lowered the threshold for mandatory issuance of e- invoice (electronic invoice) under Goods & Services Tax (GST) to Rs. 20 crore from the earlier prescribed limit of Rs. 50 crore.

Published On : February 27, 2022
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