LatestAccounting And Audit 21 September 2026
GST E‑Invoice Threshold Updated for FY 2026‑27
The GST e‑invoice mandate has been revised for FY 2026‑27, raising the turnover threshold from ₹10 crore to a higher limit. Businesses now must generate e‑invoices once they exceed the new ceiling, and the tax audit due date has also been extended for the assessment year 2026‑27. The rule requires firms crossing the new threshold to adopt e‑invoicing by the first day of the next quarter, with penalties for non‑compliance, while the tax audit filing deadline shifts to September 30 2027.
The GST e‑invoice requirement for FY 2026‑27 has been overhauled. The turnover ceiling that triggers mandatory e‑invoicing has been lifted well above the previous ₹10 crore limit.
- Companies exceeding the new threshold must start issuing e‑invoices from the start of the following quarter.
- Non‑compliance attracts penalties.
- The tax audit filing deadline for AY 2026‑27 is moved to September 30 2027.
For full details, read the article here.
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