E-invoice will be mandatory for traders with turnover above 100 crore from April 1
New Delhi. Revenue Secretary Ajay Bhushan Pand said in a press conference in Delhi on Friday that from April 1, 2020, it will be mandatory for traders with turnover up to Rs 100 crore to generate e-invoices for B2B transactions. He said that from January 1, 2020, it would be optional to generate e-invoices for B2B transactions to traders with turnover of more than Rs 500 crore. He said that e-way bill will not be required for e-invoices in future. Finance Minister Nirmala Sitharaman was also present in this press conference. Earlier, Chief Economic Advisor KV Subramanian informed about the steps taken by the government to accelerate the economy and make India a country of five trillion dollar economy. Government took this step - Approved realty fund of 25 thousand crore rupees for completing unfinished housing project. - 10,530 crore rupees will be provided by the central government in this fund, while other funds will be arranged from 13 domestic financial institutions like HDFC Bank,