ENA MSME 2022-07-05 09:52:16 <p><strong>New Delhi, July 5 (KNN)</strong> Bringing the limit down from Rs 20 crore the government is likely to make GST e-invoicing mandatory for companies with turnover of Rs 5 crore and above.</p> <p>The changes are expected to be introduced in the current financial year, as per Business Standard.</p> <p><strong><a href="https://news.google.com/publications/CAAqBwgKMJSHqwswkZLDAw/sections/CAQifkNCSVNXRG9pWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjVmWldScGRHbHZia0lhWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjV5RmdvVUNoSkhRVkpCVFU5T1JGOUdWVXhNWDA1QlRVVW9BQSoQCAAqBwgKMJSHqwswkZLDA1AB?ceid=IN:en&amp;oc=3"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></p> <p>Before applying it on entities with Rs 5 crore it will start with companies having turnover of Rs 10 crore to ensure easy compliance and for plugging revenue leakage.</p> <p>The aim is to digitise higher volumes of transactions, greater transparency in sales reporting, improving compliance and minimising errors and mismatches.</p> <p>By this years November the invoices facilitator GST Network (GSTN) is expected to be ready for the next phase. <em><strong>(KNN Bureau)</strong></em></p> 29732 https://knnindia.co.in/news/newsdetails/msme/companies-with-rs-5-cr-turnover-likely-to-come-under-the-ambit-of-gst-e-invoicing 2022-07-05 09:52:16 knnindia.co.in