While e-invoicing has been mandated for all B2B transactions in companies with an annual turnover of INR 500 crore, and more recently for all companies with an annual aggregate income of INR 100 crore, the decree is now set to extend to businesses with a much smaller annual turnover. In light of this new directive, all SMBs need to understand what e-Invoicing is and how the new mandate impacts them. It is also a good time for companies to assess whether they are technologically ready to embrace this change.
Source Avalara
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