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 has formally been enforced and the system is now up and running, last night was once again eventful for Indian tax officials: The Central Board of Indirect Taxes and Customs (CBIC) announced a 30 day grace period for taxpayers to obtain Invoice Reference Numbers (IRN).
Source: SOVOS
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