The government is considering a new cut in the annual sales threshold to Rs 5 Crore for taxpayers mandated to adopt Indian e-invoicing. This will come into effect from 1 January 2023. This will help further identify fake ITC claims, estimated to cost the country RS 50,000 Crores per annum.
Source: VAT Calc
Latest Posts in "India"
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
- Industry Body Urges Government for Relief Measures for Small Chemists During GST 2.0 Transition
- CESTAT Rules Electronic Software Downloads Exempt from Customs Duty in HCL Technologies Case
- India’s GST 2.0 Sparks Concerns in Nepal Over Smuggling and Trade Deficit
