Businesses to get 30 days to generate e-invoices for B2B transactions in October: CBIC

Central Board of Indirect Tax and Customs (CBIC) has said that Businesses will have 30 days' time to generate e-invoice for Business to Business transactions for the month of October, 2020.   Under the Goods and Services Tax (GST) law, companies with turnover of over 500 crore rupees will have to generate e-invoice for Business to Business transactions from 1st October.   In March this year, the date of implementation of e-invoice was extended to 1st October, keeping in view the hardshi...