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of <h1>Goa Finance Department Urges Compliance with E-Invoicing for Businesses Over Rs. 5 Crore Turnover; Penalties for Violators.</h1> The circular from the Goa Department of Finance addresses the issue of non-compliance with mandatory e-invoicing requirements for certain taxpayers. It refers to instructions from the Central Board of Indirect Taxes & Customs, mandating e-invoicing for businesses with an annual turnover exceeding five crore rupees. The circular highlights a significant gap between eligible taxpayers and those generating e-invoices, undermining tax management goals. Tax authorities are instructed to investigate non-compliance, advise taxpayers on e-invoicing obligations, and enforce penalties for continued violations. Emphasis is placed on businesses with turnovers above fifty crore rupees, and systemic issues should be reported for resolution.
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