E-invoicing threshold change lowers applicability, increasing mandatory compliance for taxpayers effective October 1, 2022 statewide. Amendment to G.O.(P) No.66/2020/TAXES substitutes the earlier aggregate turnover threshold of twenty crore rupees with ten crore rupees for mandatory e-invoicing under sub rule (4) of rule 48, effective 1st October, 2022, thereby expanding the class of registered persons required to issue e-invoices.
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E-invoicing threshold change lowers applicability, increasing mandatory compliance for taxpayers effective October 1, 2022 statewide.
Amendment to G.O.(P) No.66/2020/TAXES substitutes the earlier aggregate turnover threshold of twenty crore rupees with ten crore rupees for mandatory e-invoicing under sub rule (4) of rule 48, effective 1st October, 2022, thereby expanding the class of registered persons required to issue e-invoices.
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