Whether issue of e-invoice is mandatory in respect of supply made by VVIP Global Limited during the month of March, 2024 ? Also explain the provision relating to requirement of issue e-invoice.

All registered businesses with aggregate turnover in any preceding Financial Year greater than ₹10 crore (upto 31-7-2023) or greater than ₹5 crore (w.e.f. 01-08-2023) are mandatorily required to issue e-invoices for all B2B invoices In the given case, aggregate annual turnover of VVIP Global Limited during the financial year 2022-23 was ₹8 crore which is exceed the limit of ₹5 crore. Thus, issuance of e-invoice is mandatory in respect of the given transaction as all the supply made to registered dealer (i.e. B2B transaction).