GST e-invoicing must for entities with Rs 10 cr turnover from Oct 1

Presently, the process is mandatory for businesses with an annual turnover of Rs 20 cr and above

The government has widened the ambit of e-invoicing for businesses by lowering the mandatory turnover threshold to Rs 10 crore from Rs 20 crore under the Goods and Services Tax (GST) regime. The new threshold starts October 1.

The move is aimed at digitising a higher volume of transactions, transparency in sales reporting, reducing errors and mismatches, automating data entry work, and improving compliance.

Sources said the government will further extend it to entities with a turnover of Rs 5 crore, seeking to plug revenue leakage and ease compliance.

The Central Board of Indirect Taxes and Customs (CBIC) notified the