Threshold limit for generation of GST e-invoices reduced from INR 10 Crore to INR 5 Crore
Registered persons whose annual turnover in any preceding financial year from 2017-18 onwards exceeds INR 5 crore shall be required to generate e-invoice in respect of supply of goods and/or services or both to a registered person or for exports from 1st day of August, 2023. Currently, till 31st day of July, 2023, the threshold is INR 10 crore.
To give this effect, Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No.10/2023-Central Tax dated 10th day of May, 2023 to modify the Principal Notification No.13/2020-Central Tax dated 21st March, 2020.
