E-invoicing limit reduced from Rs 50 crore to 20 crore with effect from 1st April 2022.

 Many  MSME will now have to prepare themselves for issuance of E-invoicing. India proceeding faster towards complete digitalisation.

 

 

The copy of the order is as under:

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(1)]

MINISTRY OF FINANCE

(Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

NOTIFICATION New Delhi, the 24th February, 2022

No. 01/2022 – Central Tax

 

G.S.R. 159(E).-In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21 March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated 21 March, 2020, namely:-

In the said notification, in the first paragraph, with effect from the 1st day of April, 2022, for the words “fifty crore rupees”, the words “twenty crore rupees” shall be substituted.

[F. No. CBIC- 20021/1/2022-GST)

RAJEEV RANJAN, Under Secy.

Note : The principal notification No. 13/2020 – Central Tax, dated the 21st March, 2020 was published in the Gazette of India, Extraordinary, vide number G.S.R. 196(E), dated 21” March, 2020 and was last amended vide notification No. 23/2021-Central Tax, dated the 1st June, 2021, published vide number G.S.R. 367(E), dated the 15 June, 2021.