Prescribed Limit for E-Invoice has been reduced to Rs. 5 Crore

Notification No. 10/2023 –Central Tax

Notification Date: 10th May 2023

Applicable Date: w.e.f. 1st Aug 2023

Relevant Act / Rule: Goods and Service Tax Rules, 2017

Relevant Section / Rule: Rule 48 (4)

It has been notified, businesses having annual aggregate turnover exceeding Rs. 5 Crore in a financial year are required to prepare E-Invoice in the prescribed manner in respect of supply of goods or services or both to a registered person.

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