- From April 1, 2025, Indian businesses with turnover over ₹10 crore must report B2B e-invoices within 30 days to retain GST input credit
- Invoices are validated through the IRP, which issues a unique code and QR for sharing
- B2C e-invoicing and e-way bill integration are planned by 2026 to 2027 to improve compliance
- E-invoicing process involves uploading invoices to the IRP for validation and receiving an IRN, QR code, and digital signature
- A voluntary B2C e-invoicing pilot will launch in select states and sectors, with full rollout expected by 2026 or 2027
- E-way bills will eventually be combined with e-invoicing for B2B and export deals to reduce tax fraud
- Businesses with over ₹5 crore turnover must provide 6-digit HSN codes, while those below must provide at least 4-digit codes
- As of November 2023, businesses with turnover above ₹100 crore must upload invoices to the IRP within 30 days, including credit and debit notes
- Electronic invoicing through the IRP was made optionally available to all taxpayers in April 2023, but uploading is required for input tax credit eligibility
Source: fiscal-requirements.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.
