The CBIC has issued Notification No. 10/2023 - Central Tax dated May 10, 2023 to amend Notification No. 13/2020 - Central Tax, dated March 21, 2020 to decrease the E-invoicing aggregate turnover limit from 10 crore to 5 crore w.e.f. August 01, 2023.
Notification No. 13/2020 - Central Tax, dated March 21, 2020 as amended has notified registered person, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the said rules, whose aggregate turnover in a financial year exceeds ten crore rupees, as a class of registered person who shall prepare invoice and other prescribed documents, in terms of sub-rule (4) of rule 48 of the said rules in respect of supply of goods or services or both to a registered person.
