- India plans to launch B2C e-invoicing with a voluntary pilot in 2024-25
- Full rollout expected by 2026-27 if successful
- Businesses will generate and upload invoices to the Invoice Registration Portal for validation
- Expected to enhance transparency and streamline tax reporting
- Three-stage approach outlined for B2C e-invoicing
- Process includes validation checks, unique Invoice Reference Number, and electronic sharing of invoices
- B2C e-invoicing primarily serves as a compliance and fraud prevention measure
- E-invoicing details not required for B2C e-way bills
- Expected to enhance tax compliance, reduce fraud, and improve invoice traceability across India.
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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