E-invoicing is going through the phase of evolution in India. As an upcoming reform, e-invoicing is likely to impact the suppliers (having turnover above INR 100 crore) as well as registered buyers (as they will have to ensure that they are receiving from the supplier e-invoices, if applicable). E-invoicing not only is a legal change but also IT/ system-level change. Thus, its important to understand e-invoicing for the GST payers in India.
Accordingly, this presentation/note on e-invoicing covers the concept, FAQs, likely issues as well as links to relevant documents as made available by GSTN.
Author- CA Pritam Mahure