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e-invoicing

Goods and Service Tax has been rolled out from 1st of July 2017 and has completed two years. During this period there were many changes introduced as part of the tax ease of doing business and also to curb the menace of tax evasion. Once such measure to curb tax evasion is the introduction of ewaybills. As a next step now, the government wants to introduce the electronic invoice or commonly known as e-invoice across the globe. It has been introduced in many countries and they have followed different standards. In many countries the issue of e-invoice is mandatory for Business to Business and Business to Government transactions. For more details click here