01.20.23
E-invoicing threshold cut to 5 Crores will not yet apply in January 2023
In our previous release, we mentioned that e-invoicing would become mandatory for taxpayers with annual turnover exceeding Rs.5 crore in India, starting from 1st January 2023.
This was, however, clarified by the Central Board of Indirect Taxes and Customs (CBIC) on 26th December 2022, that “There is no proposal before the Government, at present, to reduce this threshold limit to Rs 5 crore with effect from 01.01.2023, as no such recommendation has been made by GST Council as yet”.
Tungsten Network has been offering compliant e-invoicing services in India since e-invoicing was introduced in 2019, and we will continue to monitor e-invoicing development in India.
Tungsten Network can ensure Indian taxpayers remain compliant, now and in the future.
Browse India updates
Release of FAQs on the new invoice registration portal
- Country updates
GSTN provides guidance on the E-Invoice Verifier App
- Country updates
E-Invoicing threshold reduced to ₹5 from August 1st 2023
- Mandate information
Postpones the implementation of time limit on reporting e-Invoices
- Mandate information
New time limit to report e-invoices to the IRP
- Mandate information
Enablement of voluntary e-invoicing
- Country updates
E-Invoice System will no longer accept 4-digit HSN codes
- Mandate information
Introductions of New e-Invoice Portal
- Country updates
E-invoicing threshold cut to 5 Crores will not yet apply in January 2023
- Mandate information
E-Invoicing threshold reduced to ₹5 from January 2023
- Mandate information
E-invoicing threshold to be further lowered from 1st October 2022
- Mandate information
Lower threshold for e-invoicing from 1st April 2022
- Mandate information
Government departments and local authorities exempt from e-invoicing
- Mandate information
Compliance relief offered in light of Covid-19 pandemic
- Country updates
India extends the scope of the invoice reporting mandate from April 1, 2021
- Mandate information
India delays invoice mandate
- Mandate information
Further information on the Indian mandate
- Mandate information
Indian e-invoicing deadline confirmed for April 2020
- Mandate information