GST dept vide notification no 10/2023 dt 10th May 2023 has reduced the limit of aggregate turnover for generating E Invoice.
As per the notification, every business enterprise whose turnover is more than Rs 5 cr in 2022-23 shall be required to generate E Invoice from 1st August 2023.
As on date, GST law requires the business enterprise having turnover of more than Rs 10 cr to generate E Invoice. However, from 1st August, E Invoice is required to be generated by business entity having turnover of more than Rs 5 cr
Source:-CA Yogesh Gupta
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