- India’s GST Council will lower the e-invoicing reporting threshold starting April 1, 2025
- Businesses with an annual turnover over 10 lakh INR must submit invoices within 30 days of issuance
- Non-compliance will lead to loss of input tax credit claims on those invoices
- Mandatory B2B e-invoicing started in October 2020 with a threshold of 5 crore INR
- Invoices must be submitted to the IRP for validation and a unique code is issued before sending to customers
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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