Threshold Limit for Generating E-invoices is Reduced to 5 crores: Notification
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- By Chetan Kulasri
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- Last Updated on 15 May, 2023
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Notification No. 10/2023 – Central Tax dated May 10th, 2023
The CBIC has issued a notification to provide that the E-invoice is required to be generated by the registered persons whose aggregate turnover in any preceding financial year from 2017-18 onwards exceed 5 crore rupees and this change shall be effective from August 1st, 2023.
Currently, threshold limit for generating E-invoice is 10 crores which is now reduced to 5 crores and such taxpayers would be required to generate E-invoice from August 1st, 2023 in respect of supply of goods or services or both to a registered person or for exports.
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