As previously predicted by Sovos, the threshold for implementing mandatory e-invoicing has been lowered by the Indian authorities. According to the Central Board of Indirect Taxes and Customs Notification No. 17/2022 – Central Tax, from 1 October 2022 compliance with the e-invoicing rules will be mandatory for taxpayers with an annual threshold of 10 Cr. rupees (approximately 1.270.000 USD) or more.
Furthermore, taxpayers with an annual threshold of 5 Cr. rupees or more are enabled to use sandbox environment for testing purposes. This signals another expansion in the scope of e-invoicing to come soon.
For more information on the e-invoicing rules and evolution of the Indian e-invoicing system, please check out our blog post.
