- India increases the scope of mandatory e-invoicing
- Starting from 1 April 2025, businesses with annual turnover over INR 10 crores must report e-invoices within 30 days
- The announcement was made on 5 November 2024
- Previously, only businesses with turnover above INR 100 crores were required to follow this rule
- The rule applies to all documents needing an Invoice Reference Number including invoices, credit notes, and debit notes
- The Invoice Registration Portal will not accept reports after the 30-day period
- Businesses with annual turnover below INR 10 crores are exempt from this requirement
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
