The first phase was for companies with a turnover of over INR 500 crores and it went live on 1st October 2020. The next was for the ones that turned a revenue over of more than INR 100 crores which went live from 1st January 2021.
The third phase, which went live in April 2021, was for companies with a revenue of over INR 50 crores. Earlier this year, the fourth phase, launched in April 2022, was effective for companies that have turnover over INR 20 crores. Finally, the fifth phase was for companies with a turnover of over INR 10 crores going live from 1st October 2022.