The CBIC vide Notification No. 05/2021- Central Tax dated March 8, 2021 amended Notification No. 13/2020- Central Tax dated March 21, 2020 to reduce the aggregate turnover limit for e-invoicing from INR 100 crores to INR 50 crores w.e.f. April 1, 2021. Now, the relevant portion of the amended Notification reads as under:
“…registered person, other than a Special Economic Zone unit and those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the said rules, whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds fifty crore rupees, as a class of registered person who shall prepare invoice and other prescribed documents, in terms of sub-rule (4) of rule 48 of the said rules in respect of supply of goods or services or both to a registered person or for exports.”
The Notification can be accessed at: http://egazette.nic.in/WriteReadData/2021/225713.pdf