Jan 2023 published lowering of e-invoicing threshold will not go ahead; threshold remains ₹10 per annum. Central Board of Indirect Taxes and Customs (CBIC) clarified that there is no proposal to lower the e-invoicing threshold from 1st January 2023. At present, businesses with more than Rs 10 crore turnover are required to generate e-invoices for Business-to-Business (B2B) transactions. CBIC tweet says, “There is no proposal to reduce the e-invoicing threshold limit to Rs 5 crore from 1st January 2023. Also, Council did not make any such recommendation.”
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