VATupdate

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 planned e-invoicing reform, August and September saw further updates and clarifications to the tax authority’s e-invoicing platform. Despite these various changes, the official enforcement date remains 1 October 2020.
Source: SOVOS
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