The threshold limit of e-Invoicing for B2B transactions has been lowered from 10 crores to 5 crores. This change will be applicable from 1st August 2023. To this effect GSTN has enabled all eligible taxpayers with an Aggregate Annual Turnover (AATO) 5 crores and above as per GSTN records in any preceding financial year for e-Invoicing. These taxpayers are now enabled on all six IRP portals including NIC-IRP for e-Invoice reporting. You can check your enablement status on the e-Invoice portal at https://einvoice.gst.gov.in.
1) DGFT liberalizes and simplifies the policy for export of Drones/Unmanned Aerial Vehicles (UAVs) for civilian end uses from India. This policy change will not require the Drone Manufacturers/Exporters with GAED Authorization to apply for SCOMET license for every similar export shipment meant for civilian purpose, within the validity period of 3 years subject to post reporting and other documentary requirements, reducing the compliance by the Industry to apply for SCOMET license every time they have to export any kind of civilian drone/UAVs.
2) The procedure for filing applications for Amnesty scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders is specified in Policy Circular No. 1/2023-24 dated 17.04.2023. It was mentioned in the said Policy Circular that applications for Amnesty Scheme shall be filed using EODC module of DGFT website. Representations have received in DGFT that there are certain problems faced by some exporters in filing applications in EODC module of DGFT website.