Regulatory updates - India

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements for India.
23 May 2023

Mandatory e-invoicing threshold halved in India from 1 August 2023

On 10 May 2023, the Indian Ministry of Finance issued Notification No. 10/2023, which reduces the threshold limit for complying with the GST e-invoicing system from INR 10 to 5 crores.

18 April 2023

7-day timeline for reporting invoices via IRP Portal

The Indian GSTN imposes a 7-day time limit on reporting invoices through the IRP portal for taxpayers with a certain minimum annual turnover amount.

19 July 2022

E-invoicing obligation scope might be further extended by CBIC

The Indian Central Board of Indirect Taxes (CBIC) has expressed interest in further lowering the e-invoicing mandate threshold. If the CBIC decides to implement this change, e-invoicing will be mandatory for all taxpayers with revenues exceeding INR 5 crores (ca. EUR 624 000) as of 1 January 2023.

6 July 2022

Indian GST Council considers introducing new invoice registration portals

The Indian Goods and Service Tax (GST) Council gathered in late June to discuss introducing five new IRPs. The objective of this step was to address the scaling of invoices received and expand the scope of entities to issue electronic invoices.

7 March 2022

India further extends the scope of the e-invoicing mandate

The Indian Central Board of Indirect Taxes (CBIC) announced a change to the e-invoicing mandate threshold. As of 1 April 2022, e-invoicing will be mandatory for taxpayers with revenues exceeding INR 20 crores (ca. 2,4 million EUR).

1 April 2021

CBIC waives penalty on non-compliance to QR code till 1 July 2021

According to the Notification by the Central Board of Indirect Taxes and Customs (CBIC), the fine of non-compliance with provisions of B2C invoice QR code was postponed.

29 March 2021

Taxpayers in India: How is the e-invoicing mandate affecting you?

From 1 April 2021, the e-invoicing infrastructure in India will become mandatory for all businesses with an annual turnover exceeding 50 crore INR.

23 March 2021

E-invoicing and QR code adoption for certain businesses from 1 April 2021

The Central Board of Indirect Taxes and Customs (CBIC) has released new regulations for e-invoicing adoption, a dynamic quick response code implementation on B2C invoices and mentioning the HSN codes for GST compliance purposes.

9 March 2021

India - scope of e-invoicing mandate extended as from 1 April 2021

E-invoicing obligation has been extended to companies with an annual turnover exceeding INR 50 Crores (ca EUR 5.600.000), as from 1 April 2021.

12 February 2021

New proposals on the Customs Duty and Income Tax in India

The new Indian Union Budget for 2021/2022 was announced on 1 February 2021 by the Finance Minister Nirmala Sitharaman. It introduces several important proposals related to the Customs Duty aimed at promoting domestic manufacturing and helping India get on to the global value chain.

Country Specifications

E-Invoicing/CTC Model:

Pre-clearance

Mandatory Infrastructure:

IRP

Mandatory Format:

JSON

Mandatory for Issuing:

– 1 January 2021 – businesses > Rs. 100 Crore (ca EUR 11.200.000)

– 1 April 2021 – businesses > Rs. 50 Crore (ca EUR 5.600.000)

– 1 April 2022 – businesses > Rs. 20 Crore (ca EUR 2.400.000)

– 1 October 2022 – businesses > Rs. 10 Crore (ca EUR 1.400.000)

Mandatory for Receiving:

No explicit requirements

eSignature:

Mandatory to IRP

Archiving Period:

8 years

Archiving Abroad:

Allowed under conditions

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