---
title: "E-Invoice mandatory for companies in India having Rs 50 crore turnover"
meta_description: "In a bid to promote digitalization, the Indian Government has made E-Invoices mandatory for all companies having Rs 50 crore Turnover."
canonical_url: "https://satyawaadi.com/e-invoice-mandatory-companies-india-rs-50-crore-turnover/"
published_at: "2021-03-09T16:25:51+00:00"
updated_at: "2021-03-09T16:25:58+00:00"
author: "Sanjay Kumar Monu"
categories: ["Business"]
tags: ["India"]
priority: "normal"
---

# E-Invoice mandatory for companies in India having Rs 50 crore turnover

In a bid to promote digitalization and to bring more transparency in the economical activities, the Central Board of Indirect Taxes and Customs (CBIC) has released a notification saying, it is now mandatory for companies having turnover of **Rs. 50 crore** to generate E-Invoices for each B2B transaction. B2B transactions means Business to Business transactions.

Starting **April 1, 2021**, this new criteria is going to be applied.

Under the Goods and Services Tax law, Starting January this year, the Indian Government ordered all the companies having turnover of **Rs. 100 crore** to submit E-Invoices for each B2B transaction. Now, the Government has asked the same to the companies having turnover of **Rs. 50 crore**.

The Government has asked the companies to generate the E-Invoices on their own. Maybe through a billing software or an ERP software and so on. However, the E-Invoices generated by the company must be submitted to the Invoice Registration Portal.

Once the company submits the E-Invoices, the Invoice Registration Portal provides them a unique **Invoice Reference Number (IRN)** along with a QR Code that might be used to get some rebate while filing the tax.

***Via:*** [The Mint](https://www.livemint.com/news/india/einvoice-mandatory-for-biz-with-over-rs-50-cr-turnover-from-1-april-11615298724743.html)