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BreakingGST E-Invoicing9 min read

E-Invoicing Threshold Reduced to ₹5 Crore Annual Turnover — Mandatory from July 2026

5 July 2026Source: CBIC Notification

Official Source

CBIC Notification

The Central Board of Indirect Taxes and Customs (CBIC) has notified that e-invoicing under GST is now mandatory for all businesses with aggregate annual turnover (across all GSTINs) exceeding ₹5 crore in any preceding financial year from FY 2017-18 onwards.

Who Must Comply

Mandatory E-Invoicing for:

Exempted from E-Invoicing:

  • All businesses with PAN-based aggregate turnover > ₹5 crore
  • This covers manufacturers, traders, service providers, and exporters
  • E-commerce operators and their suppliers if aggregate turnover exceeds threshold
  • Banks, NBFCs, and financial institutions
  • GTA (Goods Transport Agencies) for services to unregistered persons
  • Passenger transportation services
  • Hospitality services (cinema, hotels, restaurants) — currently excluded

How E-Invoicing Works

  • Generate invoice in your ERP/accounting software with all mandatory fields
  • Upload the JSON to Invoice Registration Portal (IRP) — any of the 5 authorized IRPs
  • IRP validates, assigns IRN (Invoice Reference Number), QR code and digitally signs
  • Send the signed invoice (with IRN and QR code) to buyer
  • Invoice automatically flows to GSTR-1 — no separate upload needed

IRN and QR Code

Invoice Reference Number (IRN): A 64-character alphanumeric unique identifier generated by IRP
QR Code: Contains key invoice details — buyer GSTIN, invoice value, IRN, and digital signature
Both IRN and QR code are mandatory on every B2B invoice

Penalty for Non-Compliance

  • For invoices without valid IRN: ₹10,000 per invoice or 100% of tax due, whichever is higher
  • Input Tax Credit denied to buyer for non-e-invoice (ITC reversal required)
  • During initial compliance period, CBIC may provide some relaxation — but businesses should comply immediately

Implementation Steps

  • Register on any IRP portal (e.g., einvoice1.gst.gov.in)
  • Integrate ERP/accounting software with IRP via API or use the offline tool
  • Update invoice templates to include IRN and QR code fields
  • Train billing/accounts team on the new process
  • Test with a few dummy invoices before going live

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E-Invoicing Threshold Reduced to ₹5 Crore Annual Turnover — Mandatory from July 2026 | Compliance News — Biswa Corporate Solutions | Biswa Corporate Solutions