The CBIC has announced a reduction in the GST Aggregate Turnover limit to Rs. 5 Cr for the generation of E-Invoice starting from 1st August 2023. This amendment has been made in accordance with sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, on the recommendation of the Council. The previous limit of Rs. 10 crore has been revised to Rs. 5 crore. It is important to note that E-Invoice will be applicable if the Aggregate Turnover exceeds Rs. 5 crore in any of the previous 5 years, including the Exempted Turnover.

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