As per Notification No. 10/2023 - Central Tax dated 10th May 2023, the threshold for e-Invoicing for B2B transactions has been revised. Starting from 1st August 2023, the threshold has been lowered from 10 crores to 5 crores.
In line with this update, GSTN has enabled all eligible taxpayers with an Aggregate Annual Turnover (AATO) of 5 crores and above as per GSTN records in any preceding financial year for e-Invoicing. These taxpayers now have access to all IRP portals, including IRIS IRP, for e-Invoice reporting.