SOON E-INVOICING will be mandated for units with ₹ 5cr turnover. The E-invoicing system applies to the GST registered persons whose aggregate turnover in the financial year exceeds ₹ 20 cr. India’s GST Council has approved the phased implementation of e-Invoicing for reporting business-to-business (B2B) invoices using the GST system. It first started on January 1st, 2020 on a voluntary basis. The government is planning to make GST e-invoicing mandatory for companies with a turnover of ₹ 5 crore and above, thus bringing the threshold down from the current Rs 20 crore, according to a government official.
TO KNOW MORE MUST READ: https://www.thehindubusinessline.com/economy/e-invoicing-soon-for-businesses-with-aturnover-exceeding-10-cr-5-cr-or-more-next/article65594972.ece
Odoo Odoo is the world's #1 open source Business App (ERP) and it has also an accounting and finance Module but the loop point is that Odoo Community Edition doesn't have the E-INVOICE feature.
WHAT IS THE SOLUTION? ` The big question that comes to everyone's mind is what is the solution where we can do all the processes easily. Here we are introducing our GST E-INVOICE INDIA
Module where you can go throw all your query done and generate your E-INVOICE very smoothly. More than 60 customers using our E-INVOICING MODULE example.
DREAM FACTORY PVT.LTD
SKILL TRAVEL PVT.LTD (Mumbai)
GOQII PVT.LTD