- Compliance Update Announcement: The Infocomm Media Development Authority (IMDA) will enforce significant updates to the InvoiceNow (Peppol) framework starting May 2026, reclassifying certain Goods and Services Tax (GST) rules for electronic invoices and credit notes from warnings to Fatal errors, leading to outright rejections of non-compliant documents.
- Affected GST Rules: Key GST business rules include mandatory inclusion of seller and buyer address details, a Universally Unique Invoice Identifier (UUID), seller’s legal registration identifier, and specific currency codes, which must be strictly followed for all B2B and B2G transactions processed through InvoiceNow.
- Action Required for Compliance: Businesses must perform immediate validation checks against the updated GST rules and implement necessary system modifications to ensure compliance before the enforcement deadline, with Access Point providers required to report warning statuses starting July 2025 to facilitate this transition.
Source docnova.ai
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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