Blog

India Expands Taxpayer Scope for CTC Invoicing

As expected, and previously announced by the Secretary of Finance in India, the Central Board of Indirect Taxes and Customs (CBIC) has now formally issued a Notification stating that e-invoicing will become mandatory for taxpayers with a turnover of 100 Cr. rupees or more from 1 January 2021. Mandate scope expanded On 30 July 2020, […]

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India: E-Invoicing Platform to Replace E-Waybill System

Even though India’s continuous transaction controls (CTC) reform went live less than a month ago, the surrounding legal and technical framework for the e-invoicing platform still has many moving pieces. However, little by little, these puzzle pieces have started to come together. Earlier this year, the Indian authorities announced their intention to facilitate the e-invoicing […]

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India – New E-Invoicing Deadlines Announced

After a roller-coaster period, full of changes and updates, India’s e-invoicing reform went live on 1 October this year. This e-invoicing reform is considered to be the second biggest tax development in the country after the introduction of Goods and Services Tax (GTS) in 2017. The Indian authorities chose to go ahead with implementing the […]

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Indian E-invoicing Reform Now Live With Last-Minute Relief From Government

The Indian e-invoicing mandate is live from today. Even though there was significant public pressure to postpone the 1 October deadline, the set date remains the same and the initial phase has started for taxpayers with an annual aggregate revenue of 500cr. rupees or more during any financial year after 2017. Even though the mandate […]

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Audio Blog: India: Changes to the Proposed E-Invoicing System

India: Changes to the Proposed E-Invoicing System India is about to launch a number of significant changes to its e-invoicing system. For a brief overview of the changes, Sovos’ Harriet Vivian sat down with regulatory expert Selin Ring to preview the changes and discuss the potential impacts on business as these programs are rolled out […]

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India’s E-Invoicing Reform: The Clock is Ticking

Taxpayers are only two weeks away from the initial start of India’s e-invoicing reform. Even though the continuous transaction controls (CTC) invoicing system was officially first introduced in December 2019, there have been many changes and updates from the GSTN. In addition to changes announced in July which affected the schema and scope for India’s […]

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India: Last-Minute Changes to the Proposed E-Invoicing System

The October deadline is fast approaching for the Indian CTC invoicing mandate, but it remains a moving target. In a swift move that was published just two months prior to go-live, authorities have now changed the scope of who is affected by the reform, as well as updated the JSON format. Why the change? The […]

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