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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 1st August, 2022 No. 17/2022- Central Tax G.S.R. 612(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.
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FAQ :
The new e-invoicing limit has been reduced to Rs 10 crore in annual turnover.
The reduced limit of Rs 10 crore for e-invoicing will be effective from 1st October 2022.
The previous e-invoicing limit was Rs 20 crore in annual turnover.
Businesses with an annual turnover exceeding Rs 10 crore are affected by this change.
This change was announced by the Ministry of Finance (Department of Revenue) through the Central Board of Indirect Taxes and Customs (CBIC).
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