{"id":8500,"date":"2022-12-27T04:41:29","date_gmt":"2022-12-27T04:41:29","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=8500"},"modified":"2022-12-27T04:41:37","modified_gmt":"2022-12-27T04:41:37","slug":"no-proposal-before-the-government-at-present-to-reduce-e-invoicing-threshold-limit-to-rs-5-crore-with-effect-from-01-01-2023-cbic","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/no-proposal-before-the-government-at-present-to-reduce-e-invoicing-threshold-limit-to-rs-5-crore-with-effect-from-01-01-2023-cbic\/","title":{"rendered":"No proposal before the Government, at present, to reduce e-invoicing threshold limit to Rs 5 Crore with effect from 01.01.2023 : CBIC"},"content":{"rendered":"<p align=\"justify\">The  Central Board of Indirect Taxes and Customs through its official twitter  handle, has clarified , that there is no proposal  before the Government, at present, to reduce this threshold limit to Rs 5 Crore  with effect from 01.01.2023 \n  <\/p>\n<p align=\"justify\">In  the tweet, CBIC has stated that some news reports have appeared in the media  today suggesting that though GST Council has recommended reducing the threshold  for generation of e-invoice to Rs. 5 cr with effect from 1.1.23, the Government  is yet to issue notification in the matter, giving rise to uncertainties  amongst the taxpayers. \n  <\/p>\n<p align=\"justify\">It is  clarified that, presently, e-invoicing has been made mandatory for registered  persons having aggregate turnover more than Rs. 10 crore in any preceding  financial year from 2017-18 onwards, referring to&nbsp;<a href=\"https:\/\/www.klickongstworld.com\/uploads\/CGST\/NOTIFICATION\/1659407004.pdf\">Notification  no. 17\/2022-Central Tax dated 01.08.2022<\/a>. \n  <\/p>\n<p align=\"justify\">It is  further clarified that, 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  Council as yet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2022\/06\/cbic-logo-new-1.jpg<\/p>\n","protected":false},"author":1,"featured_media":7535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8500"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=8500"}],"version-history":[{"count":1,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8500\/revisions"}],"predecessor-version":[{"id":8502,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8500\/revisions\/8502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/7535"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=8500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=8500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=8500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}