The Goods and Services Tax Network (GSTN) has announced updated to its e-invoicing initiative, accompanied by the launch of an enhanced e-invoicing portal. The new features included in the revamped e-invoice portal include: PAN-based search: Users can check the e-invoice enablement status of entities by using their Permanent Account Number. Automatic e-invoice exemption list: A […]
The Indian tax authority’s previously announced plan to block the generation of e-waybills without corresponding e-invoice details, effective from 1 March 2024, has been withdrawn. In India, it is obligatory for taxpayers surpassing a specified threshold to issue electronic invoices for B2B and B2G transactions. Those under the mandatory e-invoicing regime must generate e-waybills for […]
National Informatics Centre (NIC) announced on 5 January 2023, e-waybill generation will not be allowed without e-invoice details starting from 1 March 2024. In India, it is mandatory for taxpayers exceeding a certain threshold to generate electronic invoices for B2B and B2G transactions. Suppliers falling within the mandatory scope of e-invoicing must generate e-waybills relating […]
The Indian Ministry of Finance issued Notification No. 10/2023 on 10 May 2023 whereby it reduced the threshold limit for complying with the GST e-invoicing system. As of 1 August 2023, taxpayers with at least Rs 5 Crores turnover [approx. USD 600,000] must generate e-invoices according to the e-invoicing system. The GST e-invoicing system in […]
The recently introduced 7-days time limit for sending e-invoices to the Invoice Registration Portal (IRP) has been deferred for three months. The time limit was issued by the Goods and Services Network (GSTN) to be originally effective as of 1 May 2023. According to advisory decision, taxpayers with an annual turnover of at least Rs […]
The Goods and Services Network (GSTN) issued an advisory on the time limit for e-invoices to be reported on the portal. E-invoices in scope will need to be reported within 7 days from their issuance. In India, B2B and B2G invoices are subject to mandatory e-invoicing for taxpayers who has an annual turnover of at […]
The Indian Goods and Services Tax Network (GSTN) has announced that new Invoice Reporting Portals (IRP) have been onboarded. IRPs act as a bridge between the taxpayer (or their Accredited Service) Providers and the tax authority backend platform called the GST Portal for the purposes of e-invoice issuance. Until the new 4 were IRPs announced, […]
India has a Continuous Transaction Controls (CTC) System in place since October 2020. E-invoicing has been rolled-out in stages, meaning e-invoicing requirements are applicable to more and more taxpayers over time. At its current stage, e-invoicing is mandatory for taxpayers with an annual turnover of 20 Cr. rupees or more. On 18 July 2022, the […]
On 24 February 2022, the Indian Central Board of Indirect Taxes and Customs (CBIC) issued a notification (Notification No. 01/2022 – Central Tax) that lowered the threshold for mandatory e-invoicing. In India, e-invoicing is mandatory for taxpayers when exceeding a specific threshold (businesses operating in certain sectors are exempted). The current threshold for mandatory e-invoicing […]
Ever since the introduction of mandatory e-invoicing in India, B2C transactions have been excluded from the scope of mandatory e-invoicing. For these transactions specifically, there is a separate requirement: taxpayers with an annual threshold of 500 Cr. rupees or more must include a self-generated dynamic QR code on B2C invoices. Even though this requirement was […]