In line with the recommendations of the GST Council, the CBIC, vide Notification No. 17/2022–Central Tax dated 01 August 2022, has reduced the threshold for e-Invoicing applicability from 20 Crore to 10 Crore. Thus, taxpayers having an aggregate turnover of more than Rs. 10 Crores, would be subjected to e-invoicing provisions w.e.f 01 October 2022.
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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