India Electronic Invoice turnover treshold has been revised

India E-invoicing turnover treshold for businesses has been rised to Rs 500 Crore from Rs 100 Crore. Businesses who has turnover above the mentioned treshold must be ready to exchange invoices electronically through Invoice Registration Portal.

The mandatory e-invoicing will start as of 1 October 2020. Companies have only 7 weeks to be technologically ready. The government is not currently planning any extension to this period.