India implements “Next-Generation GST Reform”
During its 56th Goods and Services Tax (GST) Council meeting, India introduced a simplified 2-teired GST structure, eliminating the previous 28% and 12% rates, with
Region: India
India: Lower Threshold for E-invoices to Be Sent to IRP Within 30 Days
On November 5, 2024, the Indian Goods and Services Tax Network announced a lower threshold for invoices to be sent to the Invoice Registration Portal
India: GST to Launch a New Invoice Management System (IMS)
From 1 October 2024, a new functionality called the Invoice Management System (IMS) will be launched on the GST (Goods and Services Tax) portal. The IMS
India: B2C E-invoice Pilot Recommendation
After initial considerations to expand its mandatory e-invoicing system to encompass B2C transactions, announced in late 2023, the Indian government has taken another step in
India: Launch of E-Way Bill 2 Portal
The National Informatics Centre (NIC) launched the E-Way Bill 2 Portal on 1 June 2024. This new portal runs parallel to the main e-way bill
India: Enhanced e-Invoice Portal Launched
The Goods and Services Tax Network (GSTN) has announced updated to its e-invoicing initiative, accompanied by the launch of an enhanced e-invoicing portal. The new
India: Withdraws decision to block e-waybill generation in absence of e-invoice details
The Indian tax authority’s previously announced plan to block the generation of e-waybills without corresponding e-invoice details, effective from 1 March 2024, has been withdrawn.
India: E-waybill issuance without e-invoice details blocked
National Informatics Centre (NIC) announced on 5 January 2023, e-waybill generation will not be allowed without e-invoice details starting from 1 March 2024. In India,
India: B2C transactions under consideration for mandatory e-invoicing
India is considering the expansion of its mandatory e-invoicing system to encompass B2C transactions. Currently, B2B transactions are subject to this mandatory e-invoicing, requiring clearance
India: New e-invoice download functionality
On October 3, 2023, the Goods and Services Tax Network (GSTN) issued an advisory introducing a new feature on the GST e-Invoice Portal. In India,
India: E-invoices must be reported within 30 days from November 2023
The Indian Goods and Services Network (GSTN) has announced an updated enforcement date for the time limit to send e-invoices to the IRP. As of
India: New threshold for mandatory e-invoicing announced
The Indian Ministry of Finance issued Notification No. 10/2023 on 10 May 2023 whereby it reduced the threshold limit for complying with the GST e-invoicing
India: Time limit for sending e-invoices to the IRP postponed
The recently introduced 7-days time limit for sending e-invoices to the Invoice Registration Portal (IRP) has been deferred for three months. The time limit was
India: New time limit for e-invoices
The Goods and Services Network (GSTN) issued an advisory on the time limit for e-invoices to be reported on the portal. E-invoices in scope will
India: New Invoice Reporting Portals
The Indian Goods and Services Tax Network (GSTN) has announced that new Invoice Reporting Portals (IRP) have been onboarded. IRPs act as a bridge between
Electronic Invoicing
Sovos E-Invoice Solution for India 1.0 is Certified by SAP® for Integration with SAP S/4HANA®
Integrated with SAP S/4HANA®, Sovos’ scalable and flexible solution delivers e-invoicing compliance for customers LONDON — August 16, 2022 —Sovos*, a global tax software provider,
Electronic Invoicing
India: B2C Invoicing QR Code Requirement
In India, the e-invoicing system has been live since 2020. Taxpayers in the scope of e-invoicing mandate must issue their invoices relating to B2B and
India: New Taxpayers to Comply with E-invoicing Rules
As previously predicted by Sovos, the threshold for implementing mandatory e-invoicing has been lowered by the Indian authorities. According to the Central Board of Indirect