Introduction of e- invoicing
• From 1.01.2020, it will be optional for all taxpayers with
turnover more than Rs. 500 Crores will have to generate EInvoice for all the B2B transactions.
• From 1.04.2020, it will be compulsory for all taxpayers with
turnover more than Rs. 100 Crores will have to generate EInvoice for all the B2B transactions.
Once E-Invoice is generated all future returns for the taxpayer
will be automatically populated.
• In future, E-Way Bill will not be needed for E-Invoices