The Indian Ministry of Finance has issued Notification No. 10/2023-Central Tax on May 10, 2023, which reduces the threshold limit for GST E-Invoicing from ten crore rupees to five crore rupees, effective from August 1, 2023. This amendment is made under sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, on the recommendations of the Council. The previous notification, No. 13/2020-Central Tax, dated March 21, 2020, was last amended by Notification No. 17/2022-Central Tax on August 1, 2022.
Source Taxguru
Latest Posts in "India"
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
