E-invoicing is mandatory for business where there aggregate turnover is Rs. 5 Crores or more in the previous year.
Transactions requiring e-invoicing
1) B2B supplies
2) Exports
3) Deemed exports
What if e-invoice is not generated?
4) Invoice treated as invalid under GST
5) ITC can be denied to recipient
6) E-way bill generation may fail
7) Penalties can be imposed of Rs. 10,000 per invoice or 100% of tax amount, whichever is higher
