As per the recent tweet by the CBIC, news reports have appeared in the media today suggesting that GST Council has recommended reducing the threshold for the generation of e-invoices to Rs.5 cr w.e.f. January 01, 2023, the Government has yet to issue a notification in the matter, giving rise to uncertainties amongst the taxpayers.
It is clarified that presently, e-invoicing has been made mandatory for registered persons having aggregate turnover of more than Rs. 10 crores in any preceding financial year from 2017-18 onwards (Refer Notification no. 17/2022-Central Tax dated August 01, 2022).
There is no proposal before the Government, at present, to reduce this threshold limit to Rs 5 Crore with effect from January 01, 2023, as no such recommendation has been made by GST Council as yet.