The Ministry of Finance, through Notification No. 10/2023, has reduced the threshold for mandatory e-invoicing to Rs. 5 Crore. GST-registered individuals with turnover above this limit in any financial year from 2017-18 are required to generate e-invoices.
- Timeline
- Impact
Source: www.fonoa.com
Latest Posts in "India"
- Fake GST Officials Arrested in Bengaluru and Kushinagar for Extorting Traders Using Forged IDs
- India Slashes Excise Duty on Petrol, Diesel to Shield Consumers Amid Global Oil Price Surge
- Understanding GST Vouchers: Classification, Tax Implications, and Key Distinctions from Discounts and Services
- IMF Economist Urges India to Adopt Single GST Rate and Direct Revenue Redistribution to Citizens
- BJD Urges Odisha Government to Cut VAT on Petrol, Diesel Amid Global Fuel Crisis Concerns
