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More businesses to come under e-invoicing scheme from 1 Aug
July 04, 2023
|Mint Mumbai
More businesses will be brought under the e-invoicing scheme meant to track business-to-business sales from August and small businesses will be allowed to sell through e-commerce platforms without a Goods and Services Tax (GST) registration from October, said an official.
The e-invoicing scheme that covers all sales other than at the retail level, is a reporting requirement of transactions to designated portals meant to improve compliance.
The data reported at the time of the transaction helps to pre-fill tax returns, brings efficiency and accuracy in reporting and reduces disputes.
Shashank Priya, Member (GST) in the Central Board of Indirect Taxes and Customs (CBIC) said at a conference organized by industry body Ficci that the game-changing step of introducing e-invoicing in 2020 will be further expanded in August.
هذه القصة من طبعة July 04, 2023 من Mint Mumbai.
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