Notification E-invoices Limit reduced to 5 Crores w.e.f August 1, 2023

Financial Year: 2023

Threshold limit for generating E-invoices is reduced to 5 crores w.e.f. August 1, 2023

 

NOTIFICATION NO. 10/2023-CENTRAL TAX, DATED 10-5-2023

The CBIC has issued a notification to provide that the E-invoice is required Co 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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Regards

CA Rahul Gupta

+91-80535-55086