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of <h1>India Lowers E-Invoicing Threshold to 5 Crore Turnover Under GST Rules, Effective August 1, 2023.</h1> The Government of India, through the Ministry of Finance and the Central Board of Indirect Taxes and Customs, has issued Notification No. 10/2023 - Central Tax, amending a previous notification. Effective from August 1, 2023, the threshold for mandatory e-invoicing under the Central Goods and Services Tax Rules, 2017, is reduced from an aggregate turnover of ten crore rupees to five crore rupees. This change applies to taxpayers and aims to enhance compliance and streamline tax processes.
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