India
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Summary
Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.
Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.
Updates
04.28.22
|03.23.22
|07.04.21
|On 1st June 2021, the Indian Government released a notification stating that government departments and local authorities are exempt from the e-invoicing mandate being implemented.
Click here to learn more about the Indian mandate.
07.04.21
|On 1st June 2021, the Indian Government released a notification stating that government departments and local authorities are exempt from the e-invoicing mandate being implemented.
Click here to learn more about the Indian mandate.
06.03.21
|In light of the severity of the Covid-10 pandemic in India, the Central Board of Indirect Taxes and Customs (CBIC) has introduced several compliance reliefs for taxpayers.
These include the following:
Click here to learn more about the Indian mandate.
06.03.21
|In light of the severity of the Covid-10 pandemic in India, the Central Board of Indirect Taxes and Customs (CBIC) has introduced several compliance reliefs for taxpayers.
These include the following:
Click here to learn more about the Indian mandate.
03.09.21
|The Indian Central Board of Indirect Taxes and Customs (CBIC) has changed the revenue threshold that determines whether companies are required to report invoice data to the Invoice Registration Portal (IRP).
Via Notification No. 05/2021–Central Tax, the Central Board has lowered the threshold to Rs 50 Cr ($6.8m). The revenue threshold applies to aggregated revenues on PAN-level (Permanent Account Number) and will therefore apply to all GSTINs under the Permanent Account Number.
The change will be effective from April 1, 2021.
The announcement has been published in the Gazette of India on 8 March 2021: http://egazette.nic.in/WriteReadData/2021/225713.pdf
Click here to learn more about the Indian mandate.
03.09.21
|The Indian Central Board of Indirect Taxes and Customs (CBIC) has changed the revenue threshold that determines whether companies are required to report invoice data to the Invoice Registration Portal (IRP).
Via Notification No. 05/2021–Central Tax, the Central Board has lowered the threshold to Rs 50 Cr ($6.8m). The revenue threshold applies to aggregated revenues on PAN-level (Permanent Account Number) and will therefore apply to all GSTINs under the Permanent Account Number.
The change will be effective from April 1, 2021.
The announcement has been published in the Gazette of India on 8 March 2021: http://egazette.nic.in/WriteReadData/2021/225713.pdf
Click here to learn more about the Indian mandate.
03.17.20
|The Indian government announced its invoice registration mandate late 2019, putting forward a very challenging go-live date of 1 April 2020 – they are now reporting they will be postponing the effective date of the mandate until 1 October 2020.
Click here to learn more about the Indian mandate.
03.17.20
|The Indian government announced its invoice registration mandate late 2019, putting forward a very challenging go-live date of 1 April 2020 – they are now reporting they will be postponing the effective date of the mandate until 1 October 2020.
Click here to learn more about the Indian mandate.
02.21.20
|From 1st April 2020, all businesses with a turnover of at least Rs.100 Crore will be obliged to start using the IRP.
Click here to learn more about the Indian mandate.
02.21.20
|From 1st April 2020, all businesses with a turnover of at least Rs.100 Crore will be obliged to start using the IRP.
Click here to learn more about the Indian mandate.
12.19.19
|It has now been confirmed that India will have launched their Invoice Registration Portal in early 2020, which will see mandatory usage for medium and large taxpayers from April 2020.
Click here to learn more about the Indian mandate.
12.19.19
|It has now been confirmed that India will have launched their Invoice Registration Portal in early 2020, which will see mandatory usage for medium and large taxpayers from April 2020.
Click here to learn more about the Indian mandate.
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