New GST rules: What has changed for companies with more than ₹5 crore turnover from today?

As per the GST guidelines, it will be mandatory for companies with a B2B transaction value of  ₹5 crore, to produce an electronic invoice. Earlier, companies with an annual revenue of  ₹10 crore or above were required to generate e-invoice. On July 28, the Central Board of Indirect Taxes and Customs tweeted about the change in rule. In its tweet, the CBIC informed that GST Taxp…