E- invoicing mandatory for businesses with aggregate turnover of Rs 5 crore from August 1

Starting August 1, businesses with aggregate turnover of Rs 5 crore or more will have to mandatorily opt for e-invoicing under the Goods and Services Tax (GST).  “GST taxpayers whose aggregate turnover exceeds Rs 5 crore in any financial year ... Generating e-invoices for both supply of goods or services or both, or for exports will be mandatory from August 1,” the Central Board of Indirect T…