E-invoicing in India: scope of mandate to be extended

Earlier in October 2020, the Indian Finance Secretary Ajay Bhushan Pandey announced that issuance of e-invoices via the IRP will become available for all businesses with an annual turnover exceeding 100 crore (approx. 12 million EUR) starting 1 January 2021. He further clarified that the goal of the government is to make e-invoicing mandatory for all B2B transactions starting 1 April 2021. Hence, all transactions must be made via the GST Invoice Registration Portal (IRP) when the government impl…