- The GST Council in India has proposed the introduction of a pilot program for Business-to-Consumer (B2C) e-invoicing, which is expected to bring various advantages for the retail sector.
- The recommendation comes after the success of the earlier Business-to-Business (B2B) e-invoicing initiative and aims to enhance efficiency, reduce costs, and promote environmental sustainability.
- The pilot program will be rolled out voluntarily in specific states and sectors, allowing customers to verify invoice reporting in the Goods and Services Tax (GST) returns. E-invoicing in India has been progressively implemented based on business turnover, with different thresholds triggering the mandate.
Source Comarch
Click on the logo to visit the website
See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "India"
- Continued Implementation of Next-Generation GST Reform
- GST Council Unveils Major Process Reforms, ITC Relief, and Compliance Simplification
- GST Council 57th Meeting: Key Taxpayer-Friendly Reforms Announced
- GST Input Tax Credit Allowed on Employer Group Health and Life Insurance
- GST Portal Launches Multistate Registration for GST Applicants
