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Solutions
* The correct answer is '5 crore'.
Other information:
* The Union government has lowered the threshold limit of e-invoicing from Rs 10 crore to Rs 5 crore.
* It will be mandatory for smaller businesses to carry out business transactions via e-invoices from August 1, 2023.
* In the exercise of the powers of the Central Goods and Services Tax Rules, 2017, the government has made the amendment in the notification on the recommendations of the Council.
* Under the GST law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with a turnover of over Rs 500 crore from October 1, 2020, which was then extended to those with a turnover of over Rs 100 crore effective January 1, 2021.
* From April 1, 2021, companies with turnover of over Rs 50 crore were generating B2B e-invoices, and the threshold was brought down to Rs 20 crore beginning April 1, 2022.
* From October 1, 2022, the threshold was further lowered to Rs 10 crore.