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e-Invoice Reporting – A step towards improving Ease of Doing Business and Reporting for GST

Agenda India’s position in ease of doing business What is meant by e-invoice? Why are we getting into this? Implications for the Taxpayers Implications for the accounting/billing/ERP providers Timelines Technical Specs by NIC team   Ease of Doing Business India was at 77th position in 2018. On Paying Taxes, India at 121. India is at … Read moree-Invoice Reporting – A step towards improving Ease of Doing Business and Reporting for GST

Proposed e-Invoicing System

For reporting B2B invoices to the GST System, the GST Council has proposed e-invoicing in a phased manner from January 2020. e-Invoicing standards has also been curated with the help of trade/industry bodies along with ICAI. Standard will ensure that e-invoices generated by one software can be read by another software, thus eliminating the data … Read moreProposed e-Invoicing System