Is GST E-invoicing limit going to be can be decreased to INR 1.5?
Is GST E-invoicing limit going to be can be decreased to INR 1.5?
The Goods and Services Tax Council may soon make e-invoice compulsory for Goods and Services Tax taxpayers with turnover of INR 5,00,00,000/-.
Now the Central Board of Indirect Taxes and Customs has issued recommendations for mandatory new e-invoicing for Goods and Services Tax taxpayers with sale of more than INR 5,00,00,000/-. Above decision is going to be implemented with effect from 1.08.2023.
As per sources, In case above decision to further decreased e-invoice threshold limit to INR 1,50,00,000/-. is taken in upcoming Goods and Services Tax Council Meeting, then it might be effective from 1st December 2023.
One senior Goods and Services Tax officer says Goods and Services Tax taxpayers will get sufficient time to implement the same.
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