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On May 10, 2023, the CBIC issued Notification No. 10/2023 – Central Tax, extending the applicability of e-invoicing to all taxpayers with an aggregate annual turnover of INR 5 crore or more from FY 2017-18 onwards. This change is effective from August 1, 2023, and aims to further digitize the invoicing process across a broader segment of businesses. E-invoicing through the Invoice Registration Portal (IRP) ensures that invoices are authenticated with a unique Invoice Reference Number (IRN), enhancing transparency, accuracy, and compliance in GST reporting. This extension marks a significant step in expanding the e-invoicing system’s reach in India.
