Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 2073)

2022-02-28 National

2073.

Central Board of Indirect Taxes & Custom (CBIC) has made it mandatory for all firms with how much turnover and more to issue e-invoices (electronic invoices) under Goods & Services Tax?

Rs. 30 crore

Rs. 20 crore

Rs. 25 crore

Rs. 10 crore

Answer: Option

Explanation:

Central Board of Indirect Taxes & Custom (CBIC) has lowered the threshold for mandatory issuance of e-invoice (electronic invoice) under Goods & Services Tax (GST) to Rs. 20 crore from the earlier prescribed limit of Rs. 50 crore.