Mandatory E-Invoicing: Business Preparation Checklist.
What Is Mandatory E-Invoicing and When Does It Apply to Your Business? Preparing your business for mandatory e-invoicing requires understanding when the threshold applies to your operations. E-invoicing, or electronic invoicing, is a system mandated by the Goods and Services Tax Network (GSTN) in India where B2B invoices are authenticated electronically through the Invoice Registration Portal (IRP). When your business crosses the prescribed annual aggregate turnover limit, e-invoicing becomes mandatory. Currently, businesses with an annual turnover exceeding ₹5 crore must comply with e-invoicing regulations. This digital transformation in invoicing ensures real-time reporting, reduces tax evasion, and streamlines the GST filing process for businesses across India. Understanding the E-Invoicing Turnover Threshold The Government of India has progressively lowered the e-invoicing threshold to bring more businesses into the compliance net. Initially introduced for businesses with tu...