Circulars
Cir No. 16 / G-2 / 2022
| Cir No. 16 / G-2 / 2022 | 02nd August 2022 |
TO ALL MEMBERS OF THE ASSOCIATION:
Dear Sir,
As you are perhaps aware, the Department of Revenue, Ministry of Finance, Govt of India Vide its Notification No. 13/2020 – Central Tax dtd 21st March 2020 had fixed the E- Invoicing Limit of Rs.20 Crores.
The said Notification has been now been amended by the Department vide Notification No. 17/2022- Central Tax dated 1st August 2022 to Rs.10 Crores. ( Copy of the Notification is enclosed herewith for your Ready Reference)
In other words , E- Invoicing Limit has now been Reduced to Rs. 10 Crores w.e.f 1st October 2022.
Any registered person under GST, having aggregate Annual Turnover in excess of Rs.10 Crore ( Rupees Ten Crores ) in any Financial Year starting from July 2017 will have to issue E invoice accordingly.
This is for your kind information.
Thanking you,
Yours truly,
P. Chandrasekharan
Senior Director & Secretary
Note : All Members are requested to mandatorily print on all Invoices / Contracts / Purchase Orders the following Arbitration Clause.
“All disputes, or differences arising between the Parties out of or relating to this contract shall be resolved under “Arbitration Rules of CMAI” and the Award made in pursuance thereof shall be binding on the Parties.
