GST E-invoice limit reduced to Rs. 5 Crores wef 01/08/2023

e-invoice

The CBIC notified the reduction in the applicability of GST E-invoicing threshold from 10 Crores to  Rs 5 Crores with effect from 1st August, 2023. E-Invoicing will be mandatory for registered persons whose aggregate turnover  in any preceding financial year from 2017-18 onwards exceeds five crore rupees in respect of supply of goods or  services … Read more