India may extend its mandatory e-invoicing system to include B2C transactions in the next 2-3 years. Currently, only B2B transactions are subject to this system, with taxpayers exceeding a certain revenue threshold required to comply. The Central Board of Indirect Taxes & Customs (CBIC) is identifying which sectors will be impacted by this change, while also assessing the GST Network’s capacity to handle the expansion.
Click on the logo to visit the website
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries