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The CBIC, via Notification No. 17/2022 – Central Tax dated August 1, 2022, extended the applicability of e-invoicing to all taxpayers with an aggregate annual turnover of INR 10 crore or more from FY 2017-18 onwards, effective from October 1, 2022. E-invoicing helps streamline the GST reporting process, reduces errors, and enhances transparency in tax filings, benefiting both businesses and tax authorities by ensuring compliance.
