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
Latest Posts in "India"
- India clarifies GST rates and input tax credit rules for goods, toys, vehicles, shipping services
- India’s GST E-Invoice Services Temporarily Unavailable for Maintenance
- India Tests E-Invoicing for Recipient-Generated Reverse-Charge Self-Invoices
- India: FICO Urges Punjab to Clear Pending GST and VAT Refunds
- India: CBIC Clarifies Seven GST Issues on Input Service Distributor Mechanism
