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E-Invoicing threshold reduced to Dollar5 from August 1st 2023

The GST Council has recently issued a notification that mandates e-invoicing for all businesses with turnovers exceeding Rs 5 crore ($608,302) from 1 August 2023. As a result, GST-registered companies that reach this threshold must integrate their systems and clear invoices via the government portal before sharing them with their customers. Tungsten has supported the e-invoicing mandate since its introduction in 2020 and is prepared to accommodate this new threshold change.

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