SYNOPSIS: GST E-Invoicing has been reduced to Rs. 5 Crore starting from 1st August, 2023. This limit was reduced via notification issued by the central board of indirect taxes and customs (CBIC).
The Central Board of Indirect Taxes and Customs (CBIC) has issued notification No. 10/2023 –Central Tax to reduce GST E-Invoicing from ten crore rupees to five crore rupees, effective from 1st August, 2023.
See the official notification issued by the CBIC:
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION
No. 10/2023 – Central Tax
New Delhi, the 10th May, 2023
G.S.R…..(E).- In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated 21st March, 2020, namely:
In the said notification, in the first paragraph, with effect from the 1st day of August, 2023, for the words “ten crore
rupees”, the words “five crore rupees” shall be substituted.
[F. No. CBIC- 20021/1/2023-GST]
Note: The principal notification No. 13/2020 – Central Tax, dated the 21st March, 2020 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated the 21st March, 2020 and was last amended vide notification No. 17/2022-Central Tax, dated the 1st August, 2022, published vide number G.S.R. 612(E), dated the 1st August, 2022.
This notification was issued as per the recommendation of the GST Council. Now with this notification even if the turnover is Rs. 5 crore E-Invoicing is applicable with effect from 1st August, 2023.