Presently, Notification no:13/2020-Central Tax dated 21 March 2020 provides that e-invoicing is mandatory for specified persons having ATO in any of the preceding financial year from 2017-18 and onwards in excess of INR 100 Mn.
The aforesaid threshold is reduced to INR 50 Mn with effect from 1 August 2023.
BDO Comments
The taxpayers, who would now be covered under the ambit of e-invoicing provisions would from 1 August 2023, would now need to update their IT systems to implement the e-invoicing activities.
[Notification no:10/2023-Central Tax dated 10 May 2023]