11.05.2023: CBIC reduced threshold limit for E-invoice from Rs. 10 Crores to Rs.5 Crores effective from 1st August, 2023

The CBIC vide Notification No. 10/2023-Central Tax dated 10.05.2023, has reduced the threshold limit for issuing E-invoice from Rs.10 Crores to Rs. 5 Crores effective from 01.08.2023, 

Accordingly, if in any of the preceding 5 years , the aggregate turnover exceeds Rs. 5 Crores, then E-invoice is to be issued from 01st August, 2023. Earlier, CBIC vide Notification No. 17/2022-Central Tax dated 01.08.2022, implemented e-invoicing for the taxpayers having aggregate turnover exceeding Rs.10 Crores effective from 01.10.2022.

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/05/10ct_ENG.pdf

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