Respected Seniors
Our Total Turnover for FY 2017-18 is ₹ 56 Crore, which splits like For Apr-June ₹ 8 Crore and for July Mar ₹ 48 Crore. Now my confusion is, will E-Invoicing applicable to us considering our Total Turnover for 2017-18? or will it not applicable as we only need to consider turnover related to GST period that is ₹ 48 Crore.
Hope i am clear with my query, if not please let me know.
regards
Rinku Rawat
E-Invoicing Not Required for User's 2017-18 Turnover; Debate on 'Aggregate Turnover' Interpretation Under GST Rules A user inquired whether their total turnover for the fiscal year 2017-18, which was 56 crore, would require them to issue e-invoices under GST rules, considering only 48 crore was post-GST implementation. Respondents clarified that e-invoicing is mandatory for businesses with a turnover exceeding 50 crore in any financial year from 2017-18 onwards. Since the user's turnover did not exceed this threshold in subsequent years, e-invoicing is not required. The discussion highlighted differing interpretations of 'aggregate turnover,' with some suggesting a strict GST-based interpretation, while others emphasized considering the full financial year. (AI Summary)
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