E-invoicing ‘soon to be mandated’ for units with over ₹10-cr turnover

Firms not complying with e-invoicing will be considered invalid and not be eligible for ITC Businesses with an annual turnover of more than ₹10 crore and then for more than ₹5 crore will soon be required to issue e-invoice. As on date, e-invoice is mandatory for businesses with an annual turnover of over ₹20 crore. E-invoicing prescribes a standardised format of an invoice that can be read by a ma…