11.17.22

E-Invoicing threshold reduced to ₹5 from January 2023

The GST Council has mandated e-invoicing for all businesses with turnovers exceeding Rs 5 crore ($630,000) starting from 1 January 2023. This means that All GST registered businesses that meet this threshold must integrate their systems and clear their invoices with the government portal before sharing with their buyers.  

Accordingly, the Council has requested technology providers to ensure that the portal is ready by the end of December to accommodate the increased volumes of transactions.  

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