E Invoicing means the generation of the Invoices on the GST portal on real time basis along with the generation of E way bill in case of movement of goods. With the implementation of GST, the requirement of the E invoicing has been felt for the purpose of the data collection by the Authorities as well as for enabling the ease of doing business for the tax payers. In this quest, various limits have been introduced in the past to enable the E Invoicing for various class of taxable persons depending upon their aggregate turnover which are as follows :-
| Applicable to Taxable Persons whose Aggregate Turnover exceeds | Applicability Date | Notification No. |
| Rs. 500 Crores | 01-10-2020 | 61/2020 – Central Tax 70/2020 – Central Tax |
| Rs. 100 Crores | 01-01-2021 | 88/2020 – Central Tax |
| Rs. 50 Crores | 01-04-2021 | 5/2021 – Central Tax |
| Rs. 20 Crores | 01-04-2022 | 1/2021 – Central Tax |
| Rs. 10 Crores | 01-10-2022 | 17/2022 – Central Tax |
Thus, from 01-10-2022, the E Invoicing has been enable for the Registered Taxable Persons having Aggregate Turnover of more than Rs. 10 Crores in any of the preceding years. And in the near future, this limit of Rs. 10 Crores shall be further reduced to Rs. 5 Crores so that there will be real time date available to the Authorities.
The taxpayers can generate the following types of documents on the E Invoicing portal :-
- Invoice
- Debit Note
- Credit Note
- Any other documents as notified by the CBIC
Also, the E Invoicing shall not be applicable to the following entities :-
- An Insurer or a banking company or a financial institution, including NBFC
- A Goods Transport Agency (GTA)
- An SEZ unit
- A Government Department and Local Authority
- A Taxable person supplying services by way of admission to the exhibition of cinematographic films in multiplex services
