Context: According to an official statement, the government will notify a new GST e-invoice scheme under which businesses with a turnover of Rs 500 crores and above will generate all invoices on a centralised government portal starting October 1, 2020.

• Earlier, the turnover threshold for businesses was set at Rs 100 crores.

About GST e-invoice scheme

• GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal.
• It is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal.
• All invoice information will be transferred from this portal to both the GST portal and e-way bill portal in real-time.
• Therefore, it will eliminate the need for manual data entry while filing ANX-1/GST returns as well as generation of part-A of the e-way bills, as the information is passed directly by the IRP to GST portal.