The Finance Department, Jammu and Kashmir on July 24, 2023, issued an amendment to Notification No. S.O. 39/2020-Tax, dated January 01, 2020, which states the preparation of invoices and other prescribed documents for registered persons.
The following has been amended namely: -
The registered person whose aggregate turnover in a financial year exceeds five crore rupees, as a class of registered person shall prepare an invoice and other prescribed documents in respect of the supply of goods or services or both to a registered person.
This shall be in effect from August 01, 2023
[Notification No. S.O. 387]
