05.16.23

E-Invoicing threshold reduced to ₹5 from August 1st  2023

The GST Council has recently issued a notification that mandates e-invoicing for all businesses with turnovers exceeding Rs 5 crore ($608,302) from 1 August 2023. As a result, GST-registered companies that reach this threshold must integrate their systems and clear invoices via the government portal before sharing them with their customers.

Tungsten has supported the e-invoicing mandate since its introduction in 2020 and is prepared to accommodate this new threshold change.