E-Invoice Exemption: Definition, Meaning & Guide for Indian Businesses

Certain categories like banks, insurers, SEZ units, NBFCs, GTAs, and passenger transport are exempt from generating e-invoices regardless of turnover.

What is E-Invoice Exemption?

E-invoicing applies to all GST-registered businesses with aggregate turnover above 5 crore in any FY from 2017-18. However, certain categories are exempt regardless of turnover: insurance companies, banks, financial institutions, NBFCs, passenger transport service providers, SEZ units (but not SEZ developers), and goods transport agencies. These can continue issuing regular tax invoices without uploading to the IRP. B2C invoices are also exempt from e-invoicing regardless of turnover.