The companies with annual turnover of over INR 500 crore for their business-to-business transactions will be affected. Industry representatives, however, have urged the government to not make it mandatory and rather allow voluntary compliance. Smaller businesses initially had a threshold for mandatory e-invoicing of INR 100 crore. Now that is to be raised to INR 500 crore on the recommendations of an empowered panel of the Goods and Services Tax (GST) Council.
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