The Central Board of Indirect Taxes (CBIC) has issued Notification No. 10/2023–Central Tax on May 10, 2023. This notification serves as an amendment to Notification No. 13/2020 – Central Tax, which was issued on March 21, 2020. As per the recent amendment, the turnover limit for e-invoicing has been reduced to Rs 5 Crore. This change will come into effect from August 1, 2023.

Under the new regulation, it will become mandatory for every taxpayer whose annual aggregate turnover exceeds Rs 5 Crore for any year starting from 2017-18 onwards, to generate e-invoices for business-to-business (B2B) supplies. This requirement will be applicable from August 1, 2023.

By August 1, 2023, the e-invoicing turnover limit will be set at Rs 5 Crore