Einvoice - Aggregate Turnover - Advance

[KSA Associates]

XYZ ltd sales for the year is 4.5cr. Apart from this, they have received the advance of Rs 60,00,000. Kindly guide whether E-invoicing is applicable in this case.

In nutshell, while calculating Aggregate turnover, whether advance should also be included??

AI Summary

Advance receipts and aggregate turnover: e invoicing not triggered unless advance is adjusted into a taxable supply.
An advance receipt is not included in Aggregate Turnover for e invoicing until it is adjusted against and invoiced as a taxable supply. Advances for services, however, may trigger tax at receipt under the time of supply rules and thus form part of turnover when GST liability arises; advances for goods generally remain excluded until invoiced. Therefore, an unadjusted advance does not push a supplier over the e invoicing threshold unless GST has become payable on that advance.