CA.VIKRAM KUMAR

  E-Invoice under GST The threshold limit for the applicability of E-invoice limit reduced from INR 10 Crores to INR 5 Crores . This is applicable from 1st August, 2023. Notification No. 10/2023 - Dated 10th May, 2023. In simple words, if the aggregate turnover of any taxpayer in any of the *Financial Year from 2017-18 to 2022-23 has exceeded ₹5Crores* then it is mandated to generate E-invoice w.e.f. 1st August 2023. E-Invoicing/E-Invoice is a form of electronic billing which is mandated by Government due to tax evasion. In India, the Government introduced e-invoicing in mid of the financial year 2020 with businesses having aggregate turnover above Rs. 500 Crore. The limit of Rs. 500 Crore turned to Rs. 100 Crore from 1st January 2021 then to Rs. 50 Crore from 1st April 2021 and now it is Rs. 20 Crore from 1st April 2022. Interestingly, if the turnover in any of the financial years from 2017-18 till now crosses the aggregate turnover limit then e-invoicing is applicable .  As per Rule