India: Last Minute Changes to the E-invoicing System

Selin Adler Ring
August 5, 2020

There have been regulatory changes related to the Indian e-invoicing system. The Central Board of Indirect Taxes and Customs (CBIC) issued two new Notifications on 30 July 2020: One of the Notifications is related to the technical aspect of the reform, and the second is related to the taxpayer scope of the mandate.

After this recent change, the new schema version is 1.1. Taxpayers will need some time to adopt this new version into their systems, however there is no deferral in the October deadline according to the Notifications.

Another change was introduced by the Notification No. 61/2020 – Central Tax in the taxpayer scope of the mandate. Previously, the mandatory scope targeted businesses with a threshold limit of 100 Crore rupees. After the recent changes, the threshold limit for October roll-out is 500 Crore rupees or more. Special Economic Zone units are also exempted from the mandate scope.

For more information, you can read the latest blog post on India . 

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Author

Selin Adler Ring

Selin is Regulatory Counsel at Sovos. Based in Stockholm and originally from Turkey, Selin’s background is in corporate and commercial law, and currently specializes in global e-invoicing compliance. Selin earned a Law degree in her home country and has a master’s degree in Law and Economics.
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