Answer

1. F

   Facts

   The e-invoicing limit has fallen in steps, from ₹500 crore in October 2020 to ₹5 crore from 1 August 2023 under Notification 10/2023-CT. A lower limit such as ₹1 crore has been discussed in reports but, as of this writing, has not been notified, so treat it as proposed only.

2. P

   Provisions and law

   • Notification 10/2023-CTE-invoicing for aggregate turnover above ₹5 crore in any year from 2017-18, from 1 August 2023
   • Notification 13/2020-CTBase notification on who must e-invoice and which entities are exempt
3. A

   Analysis

   If your turnover is between ₹1 crore and ₹5 crore, you are not required to e-invoice today. Still, many such businesses choose accounting software that supports IRN, so a later change is a switch-on rather than a migration. Watch CBIC notifications and GSTN advisories rather than news reports.

4. C

   Conclusion

   1. 1Check your turnover band each year
   2. 2Confirm the current limit on the CBIC notifications page
   3. 3Choose billing software that supports IRN
   4. 4Act only on a notified change, with its start date

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.