GST e-invoice must for ₹20 cr-turnover Indian firms; threshold reduced

E-invoicing involves the submission of an already generated standard invoice on a common government-run e-invoice portal.

E-invoicing facilitates exchange of the invoice document between a supplier and a buyer in an integrated electronic format by way of standard e-invoice schema through looping the government authorities, i.e. the invoicing portal, to keep a check on suspicious tax payers.

ALCHEMPro News Desk (DS)