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English | हिंदी | தமிழ்

Reduced e-invoice limit of Rs. 5 Crores is effective from today 01st August 2023

Checkout.. who is covered and who is not?

CBIC vide Notification No.10/2023 - Central Tax dated 10.05.2023 has further reduced the e-invoice limit from Rs. 10 Crore to Rs. 5 Crore w e.f. 01.08.2023.

Q) What is e-invoicing?

As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN).

After following above ‘e-invoicing’ process, the invoice copy containing the IRN (with QR Code) issued by the notified supplier to buyer is commonly referred to as ‘e-invoice’ in GST.