According to IT ministry official release, as many as 6.03 crore GST e-invoices were generated in December 2020, higher than 5.89 crore in November. The government had made it mandatory for businesses with a turnover of over Rs 500 crore to generate electronic invoice or e-invoice for B2B transactions, from October 1, 2020.
In a statement, the IT ministry on Saturday said that GST e-invoice system, "the game changer in the GST system", has completed journey of three months and facilitated the smooth transition of the taxpayers to the new platform. It has enabled more than 37,000 taxpayers to generate more than 16.80 crore invoice reference numbers (IRNs) during the last three months from the NIC developed e-invoice system.
"Starting with 4.95 crore during October 2020, generation of e-invoice has increased to 5.89 crore in November 2020 and 6.03 crore in December 2020," it said.
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