India, 6 December 2023
The Indian government is considering the mandatory implementation of e-invoices for B2C.
The Indian government is considering the mandatory implementation of electronic invoicing (e-invoice) for business-to-consumer (B2C) transactions within the next 2-3 years. Currently, businesses with a turnover of Rs 5 crore and above are required to generate e-invoices for business-to-business (B2B) sales and purchases.
The Central Board of Indirect Taxes & Customs (CBIC) identifies which sectors will be initially impacted by this implementation.