Starting with with 495 lakhs during October 2020, generation of GST e-Invoice has increased to 589 lakhs in November 2020 and 603 Lakhs (6.03 crore) in December 2020.
- The government had made it mandatory for businesses with turnover of more than Rs 500 crore to generate electronic invoice or e-invoice for B2B transactions, from October 1, 2020.
- The Central Board of Indirect Taxes and Customs (CBIC) on December 28, 2020 notified that GST e–invoicing will be mandatory for any firm whose turnover exceeds Rs 100 crore from January 1, 2021.
- The system has enabled more than 37000 tax payers to generate more than 1680 Lakh Invoice Reference Numbers (IRNs), during last three months from the NIC developed e-Invoice system.
- Keeping requirements of small tax payers in view, NIC has developed the offline Excel based IRN preparation and printing tool, called as NIC-GePP tool for the small tax payers. This application will allow the tax payers to enter the invoice details, prepare the file to upload on NIC IRN portal.
