What is the minimum turnover amount for mandatory e-bay invoice cutting in BUSY?
The minimum turnover amount for mandatory e-invoice cutting in BUSY is 5 crores.
Frequently Asked Questions
Solutions to common issues related to Taxation — E Invoice Generation.
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Step-by-step Answers
Will cancelling an e-invoice in BUSY also cancel it on the portal?
Yes, cancelling an e-invoice in BUSY will also cancel it on the portal.
How do payment terms like % advance etc. impact auto e-invoice generation?
Payment terms like 50% advance do not impact auto e-invoice generation in BUSY.
What is the invoice amount threshold for auto e-invoice generation in BUSY?
The invoice amount threshold for auto e-invoice generation in BUSY is 1 lakh.
Will my existing invoice formats and templates change after e-invoicing setup?
No, your existing invoice formats and templates will not change after e-invoicing setup.
Can I generate a normal invoice without e-invoice in BUSY?
Yes, you can generate a normal invoice without generating an e-invoice in BUSY.
Can I generate an invoice against a specific challan?
Yes, you can generate an invoice against a specific sale or purchase challan.
How long is the e-invoice data stored in BUSY?
The e-invoice data is stored in BUSY for an indefinite period of time.
How long does an e-invoice remain valid after generation?
E-invoice remains valid for indefinite period untill you can cancel the e-invoice
Does my login remain the same after registering API credentials on BUSY?
Yes, your login remains the same after registering API credentials on BUSY.
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