LatestIncome Tax 4 November 2026
GST E‑Invoice 5 Crore Rule Shifts in 2027
Starting January 2027, the GST e‑invoice rule sets a Rs 5 crore turnover threshold. Businesses above this limit must issue e‑invoices for B2B sales, changing tax credit eligibility and attracting penalties for non‑compliance. Smaller firms stay under the current regime.
The GST e‑invoice rule will tighten from Jan 2027. Key points:
- Threshold: Applies to businesses with annual turnover of Rs 5 crore or more.
- Obligation: Must generate e‑invoices for all B2B supplies.
- Tax impact: Input tax credit eligibility changes; non‑compliance attracts penalties.
- Exemption: Entities below the threshold continue with the existing invoicing process.
For full details, see the CAclubIndia article.
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