In accordance with the official notification published by the Central Board of Indirect Taxes & Custom on 24th February 2022, GST-registered businesses/person(s) with an annual turnover of ₹ 50 Crores are eligible for e-invoicing from 1st April 2022.
Moreover, according to the notification published on 1st August 2022, B2B transactions with annual turnover of ₹ 10 Crores and up to ₹ 20 Crores are also eligible for e-invoicing under GST regulations from 1st October, 2022.
However, Special Economic Zones (SEZ) units, insurance, banking, financial institutions, Non-Banking Financial Company (NBFC), Goods Transport Agency (GTA), passenger transportation services, and sales of cinema tickets are exempted from the new amendment to the e-invoicing under GST regulations.
To know more visit the Central Board of Indirect Taxes & Custom website.