Circular No.ES/70/2022-23 3rd August, 2022
To: Members of the Council
Sub: CBIC implements e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022
We would like to inform you that the Government has lowered the threshold turnover to Rs 10 crore from Rs 20 crore. So accordingly, from 1st October, 2022 E- invoicing is mandatory if the supply is more than Rs. 10 crore.
In this connection, CBIC has issued Notification No. 17/2022 – Central Tax dated 1st August, 2022 by making following amendments in Notification No. 13/2020 – Central Tax dated 21st March, 2020 - "to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 1st October, 2022".
In the said notification, in the first paragraph, with effect from 1st October, 2022, for the words “twenty crore rupees”, the words “ten crore rupees” shall be substituted.
Members may kindly make a note of the above.