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
| Country | Date | Comments (click for details) |
| Australia | Jul 2023 | PEPPOL-based e-invoicing with no govt intervention B2B |
| China | Jan 2023 | Special e-fapiao VAT invoice being piloted with 2023 full implementation |
| India | Oct 2020 | B2B pre-clearance with separate B2C; completed Apr 2021 |
| Indonesia | Jul 2015 | e-Factur Pajak electronic invoicing |
| Japan | Oct 2023 | Tax qualified invoices |
| Kazakhstan | Jan 2017 | e-invoicing IS ESF |
| Kyrgyzstan | Jan 2023 | Mandatory e-invoicing for goods |
| Malaysia | 2023 | e-invoicing pre-clearance |
| Mauritius | 2023 | e-invoicing System with digital transaction reporting |
| New Zealand | Mar 2022 | B2G PEPPOL-based e-invoicing |
| Philippines | Jul 2022 | 2022 pilot of e-invoices; to follow South Korea model |
| South Korea | 2011 | Near real-time invoice reporting |
| Taiwan | 2017 | Electronic GUI invoices; non-residents since 2020 |
| Thailand | 2018 | E-invoice reporting where adopted |
| Vietnam | Nov 2021 | Pre-clearance B2B verification code e-invoice |
