- The GST Council in India has proposed the introduction of a pilot program for Business-to-Consumer (B2C) e-invoicing, which is expected to bring various advantages for the retail sector.
- The recommendation comes after the success of the earlier Business-to-Business (B2B) e-invoicing initiative and aims to enhance efficiency, reduce costs, and promote environmental sustainability.
- The pilot program will be rolled out voluntarily in specific states and sectors, allowing customers to verify invoice reporting in the Goods and Services Tax (GST) returns. E-invoicing in India has been progressively implemented based on business turnover, with different thresholds triggering the mandate.
Source Comarch
Click on the logo to visit the website
See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "India"
- CESTAT: Software Preloaded in Imported Hardware Includible in Customs Value, No Penalty on Wipro
- GST Compliance for Foreign Currency Invoicing: Key Requirements for Indian Exporters
- US Formally Lifts Russia-Linked 25% Tariff on Indian Imports, Confirms 18% Reciprocal Rate
- Fake GST Invoice Scams Persist Despite Crackdown: Shell Firms, Circular Trading Fuel Tax Evasion
- U.S.-India Trade Deal: A New Era of Economic Cooperation
