The Ministry of Finance’s Central Board of Indirect Tax and Customs (CBIC) has set 1 August 2023 as the date to lower the Indian mandatory e-invoicing threshold from ₹10 to ₹5 per annum (approximately US$600,000). The threshold was set at ₹10 in October 2022. The threshold is based on any year in the prior five financial years.
Source: vatcalc.com
