CBIC has clarified via twitter as –
Some news reports have appeared in media today suggesting that though GST Council has recommended reducing threshold for generation of e-invoice to Rs.5 cr wef 01.01.2023, the Govt. is yet to issue notification in the matter, giving rise to uncertainties amongst the taxpayers. (1/3)
It is clarified that presently, e-invoicing has been made mandatory for registered persons having aggregate turnover more than Rs. 10 crore in any preceding financial year from 2017-18 onwards (Refer Notification no. 17/2022-Central Tax dated 01.08.2022). (2/3)
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. (3/3)
Source: Twitter
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