Phases IV and V of the government's implementation saw the mandate for e-invoicing lowered to Rs 20 crore as of April 1, 2022, and Rs 10 crore as of October 1, 2022, respectively. This pattern suggests that the government will further cut this cap in 2023.
It is anticipated that the government would lower the e-invoicing threshold to Rs 1 crore in 2023, and that this threshold will soon apply to all enterprises registered under GST, regardless of the nature and scale of their operations.