Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
The ₹5 crore threshold
Measured on aggregate (PAN-wide) turnover in any year from 2017-18. Confirm the current limit, which has been lowered in stages.
It's sticky
Once you’re in, you stay in even if turnover dips below ₹5 crore later.
Why 'any year since 2017-18' matters
The threshold isn’t tested only on the current year — it asks whether aggregate turnover crossed ₹5 crore in any financial year from 2017-18 onwards. So a business that touched ₹6 crore in, say, 2019-20 and has since settled at ₹3 crore is still inside e-invoicing, because the trigger year counts and the obligation is sticky. Aggregate turnover here is PAN-wide across all GSTINs, including exempt and export supplies. Once you cross, e-invoicing applies from the start of the next financial year and continues regardless of later dips. The limit has been lowered in stages — from ₹500 crore at launch down through ₹100 crore, ₹50 crore, ₹20 crore, ₹10 crore and now ₹5 crore — so a business that was comfortably outside it a few years ago may now be in. The practical step is to check your highest aggregate turnover in any year since GST began, not just last year’s figure, and to confirm the current threshold before concluding you’re exempt. If you’re close to or above the line, getting the IRP integration ready ahead of the next financial year avoids a scramble, since the switch is from day one of the year.