GST Council Recommends Key Changes in E-invoicing and Return Filing

The GST Council in its 55th meeting has recommended several key changes to the GST framework:

• Reduction in e-invoicing threshold from Rs. 5 crore to Rs. 2 crore effective July 1, 2026
• Mandatory dynamic QR code for B2C invoices above Rs. 1 lakh
• Introduction of simplified quarterly return filing for small taxpayers
• Enhanced ITC matching and auto-reversal for mismatched claims
• New provisions for deemed supply valuation for related parties