India is considering the expansion of its mandatory e-invoicing system to encompass B2C transactions.
Currently, B2B transactions are subject to this mandatory e-invoicing, requiring clearance through platforms accredited by the tax authority. Taxpayers exceeding a specific revenue threshold must issue their invoices in compliance with this system.
This Continuous Transaction Control (CTC) system is anticipated to extend its coverage to B2C transactions within the next two to three years. The Central Board of Indirect Taxes & Customs (CBIC) is in the process of identifying which sectors will be initially impacted by this implementation. Additionally, an assessment is underway to ensure the GST Network’s (GSTN) capacity is sufficiently scaled up to handle this expansion.
For more detailed insights on the Indian CTC system, please visit our website.
