Mandatory goods and service tax (GST) electronic invoicing (“e-invoicing”) was launched in India for certain taxpayers in October 2020, and taxpayers with annual turnover exceeding INR 200 million currently are subject to the mandatory e-invoicing rules. This article examines some of the benefits that have resulted following the introduction of e-invoicing, including a simplified compliance process, and suggests that reducing the threshold for mandatory e-invoicing and making e-invoicing optional for the remainder of taxpayers could result in additional benefits for both taxpayers and the tax authorities.
Source: taxathand.com
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