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INDIA: Mandatory State-Supervised E-Invoicing System Under Active Consideration

The Indian government is considering making electronic invoicing (e-invoicing) mandatory for all the country’s larger businesses. This would see companies with turnover above a yet undetermined level obliged to invoice via the government’s official Goods and Services Tax Network (GSTN) website. All such invoices would then be assigned a unique serial number, facilitating the automatic transmission of the related sales data to the tax authorities. The data would then be matched with the tax returns of the relevant businesses.
The proposed move is intended to tackle the growing number of Goods and Services Tax (GST) irregularities, in particular the failure of companies to pass on GST-levied funds to the government. If adopted, the e-invoicing system is expected to eventually supersede the existing electronic waybill (e-waybill) system, a measure introduced in April 2018 as a means of curbing GST evasion. At present, this new measure is under active consideration by an official advisory committee.

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