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As per the recent tweet by the CBIC, started that Some news reports have appeared in media today suggesting that though GST Council has recommended reducing threshold for generation of e-invoice to Rs.5 cr w.e.f. January 01, 2023, the Government has yet to issue notification in the matter, giving ri
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FAQ :
No, the CBIC has clarified that there is no current proposal or recommendation from the GST Council to reduce the e-invoicing threshold to Rs 5 crore effective January 1st, 2023.
Currently, e-invoicing is mandatory for registered persons with an aggregate turnover exceeding Rs 10 crore in any preceding financial year from 2017-18 onwards.
No, the government has not issued any notification regarding a reduction in the e-invoicing threshold to Rs 5 crore.
The article states that there is no such recommendation made by the GST Council as yet.
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