GST e-invoicing threshold is now ₹5 crore. Are you over it?

E-invoicing is no longer just a large-enterprise concern. The threshold was lowered to ₹5 crore of aggregate turnover, which brings a lot of Chennai-based small and mid-sized businesses into scope.

Does this apply to you?

The trigger is aggregate turnover in any financial year from 2017-18 onwards, not just the previous year. If you crossed ₹5 crore even once in that window, e-invoicing is mandatory for all your B2B invoices going forward.

What you need to set up

• Register on the Invoice Registration Portal (IRP)
• Update your billing software to generate invoices in the prescribed format
• Connect to the IRP through your software, the offline tool, or a GST Suvidha Provider
• Train whoever raises invoices to check details before sending

The biggest mistake we see is businesses continuing to raise manual invoices and trying to report them later. That does not work. Every B2B invoice must be reported to the IRP before it is issued, and the resulting IRN and QR code must be printed on the invoice.

What if you miss it?

An invoice without a valid IRN is not treated as a valid invoice under GST. Your buyer cannot claim input tax credit on it, which often means they hold back payment until you re-issue it. You can also face a penalty for each such invoice, generally ₹10,000 or the tax involved, whichever is higher.

If you want help setting this up, reach out. We handle the portal registration and software setup as part of our GST work.

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