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India B2B e-invoicing threshold cut to ₹5 Jan 2023 refuted

Jan 2023 published lowering of e-invoicing threshold will not go ahead; threshold remains ₹10 per annum

The Indian Central Board of Indirect Taxes and Customs (CBIC) has refuted reports of a cut to the annual sales threshold for clearing e-invoices to ₹5 per annum for 1 January 2023. It had last been decreased to ₹10 annual sales in October 2022.

Taxpayers mandated in the pre-clearance electronic system must digitally authenticate sales invoices with the GST Invoice Registration Portal operated by the GST Network. IT preparations of the new wave had been already been reported to be underway. The aim will be to reach ₹5 per annum perhaps before the end of 2023.

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October 2020 e-invoicing phased launch

India introduced mandatory B2B government pre-clearance electronic invoicing from 1 October 2020, completing the phased implementation by 1 April 2021. This was at a threshold of ₹500 per annum. The threshold was then dropped to ₹100 per annum from January 2021. It was cut for the second time to ₹50 per annum in April 2021; and then ₹20 per annum in April. This current threshold, ₹10 per annum was introduced in October 2022.

Indian GST was introduced in 2017.

Asia Pacific e-invoicing


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