Reduction in Monetary Limit for Issuing E-Invoice in GST w.e.f. 1st August 2023

Notification No. 10/2023-Central Tax dated 10-May-2023

The taxpayers having aggregate turnover exceeding Rs. 5 crores are required to generate E-Invoice w.e.f. 1st of August 2023.

Earlier the turnover limit for issuing E-Invoice for the taxpayers was 10 crores which had been provided vide Notification 17/2022 – Central Tax dated 01-08-2022.

Thus, all the taxpayers having aggregate turnover exceeding 5 crores in any of the preceding FY beginning from 2017-18 to FY 2022-23 is required to issue e-invoice.