e-Invoice Limit 5 Crore: e-Invoicing mandatory for businesses above Rs.5 crore turnover

e-Invoice Limit 5 Crore: e-Invoicing mandatory for businesses above Rs.5 crore turnover January 15, 2018Leave a comment

e-Invoice limit 5 crore is newly notified via Notification No. 10/2023–Central Tax and has been implemented from 1st August 2023. e-Invoicing or electronic invoicing system was introduced under the Goods and Services Tax (GST) law and applies to certain taxpayers registered under the GST law in phases.

e-Invoice 5 crore notification 10/2023 was issued on 10th May 2023 amending the earlier notification No. 13/2020 – Central Tax issued on 21st March 2020. Accordingly, GST e-invoice limit for turnover more than Rs.5 crore in any financial year from 2017-18, applies from 1st August 2023.

Read on to understand entirely how the sixth phase of e-invoicing mandatory setup for e-Invoice Limit 5 Crore taxpayers, any updates on the e invoice latest notification, changes in operations, how to choose between various modes of e-invoice generation, steps for one-time registration, and issues and tested solutions with Clear IRP and Clear e-Invoicing to assist such businesses.

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