No plan to lower e-invoicing threshold to Rs 5 crore: CBIC

The Central Board of Indirect Taxes and Customs on Monday said there is no proposal at present to reduce the threshold limit to Rs 5 crore for e-invoicing under the Goods and Services Tax regime from January 1, 2023. “There is no proposal before the government, at present, to reduce this threshold limit to Rs 5 crore with effect from 01.01.2023, as no such recommendation has been made by GST&…