E Invoice Applicability

[Madhukumar Keethur]

Hi,

In a company GST Turnover in the present financial year (FY 21-22) crosses the limit of 20 crores at the end of July 2022 and the same company turnover in the last preceding financial year 4 crore only(i.e not exceeds the limit of 20Crore)

My question is as follows

1.E invoice applicable from Aug 2022 or from April 2023(i.e Next Financial Year) ?

2.Can i go for voluntarily for generating e invoice ?

Kindly suggest me the right way of generating e invoice.

AI Summary

Debate on E-Invoicing Start Date for Company Exceeding 20 Crores Turnover: August 2022 or April 2023? A company exceeded a GST turnover of 20 crores at the end of July 2022, having only 4 crores in the previous financial year. The inquiry was whether e-invoicing should commence from August 2022 or April 2023, and if voluntary generation is possible. One response indicated that e-invoicing should start from April 2022, referencing a specific notification. Another response agreed that e-invoicing should begin the following financial year, starting April 2023.