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E-Invoicing threshold reduced to $5 from January 2023

The GST Council has mandated e-invoicing for all businesses with turnovers exceeding Rs 5 crore ($630,000) starting from 1 January 2023. This means that All GST registered businesses that meet this threshold must integrate their systems and clear their invoices with the government portal before sharing with their buyers.”¯   Accordingly, the Council has requested technology providers to ensure that the portal is ready by the end of December to accommodate the increased volumes of transactions.”¯   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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