E-Invoicing applicability is reduced from 10 cr to 5 cr w.e.f 1 August 2023
E-invoicing is a method in which the GST Network (GSTN) generates and electronically authenticates B2B (business-to-business) invoices for use in GST returns and other compliance-related activities. This action plans to acquire proficiency and straightforwardness charge organization. Person registered under GST and having turnover more than 5 crore in any financial year from 2017-18 is required to comply with the e-invoice provision w.e.f. 1 August 2023.
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