Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.325)

325. 

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?

[A]. Rs. 30 crore
[B]. Rs. 20 crore
[C]. Rs. 25 crore
[D]. Rs. 10 crore

Answer: Option B

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.

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