Dear Learned Professionals,
In India, e-invoice under GST has been made applicable in phased manner. Currently, e-invoice is required to be issued by taxpayers having aggregate turnover more than INR 10 crores in any of preceding financial years from 2017-18 to 2021-22.
Recently, there were some news reports that GST council has planned for implementation of next phase from 01 January 2023 whereby threshold limit for issuance of e-invoice will be reduced to INR 5 crores.
However, on 26 December 2022 the Government has clarified through tweets that next phase (INR 5 crores) would not be implemented from 01 January 2023.
Trust the above is useful.
Regards
CA Jai Prakash
