India has a Continuous Transaction Controls (CTC) System in place since October 2020. E-invoicing has been rolled-out in stages, meaning e-invoicing requirements are applicable to more and more taxpayers over time. At its current stage, e-invoicing is mandatory for taxpayers with an annual turnover of 20 Cr. rupees or more.
On 18 July 2022, the National Informatic Centre (NIC) made a new announcement stating that taxpayers with a turnover between 10 Cr. rupees and 20 Cr. rupees are enabled to test the e-invoicing system. Historically, when taxpayers are enabled for testing, it is followed by the Indian Central Board of Indirect Taxes and Customs (CBIC) issuing a notification that requires the enabled taxpayer group to comply with the e-invoicing rules. Therefore, the threshold for mandatory e-invoicing is expected to be lowered from 20 Cr. rupees to 10 Cr. rupees soon.
