Annual turnover threshold for generation of GST e-invoices reduced from INR 20 Crore to INR 10 Crore
Registered persons whose annual turnover in any preceding financial year from 2017-18 onwards exceed INR 10 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 October, 2022. Currently, till 30th day of September, 2022, the threshold is INR 20 crores.
To give this effect, Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No.17/2022-Central Tax dated 1st August, 2022 to modify the Principal Notification No.13/2020-Central Tax dated 1st March, 2020.
