The Indian e-invoicing obligation will be extended gradually according to a new timetable to all businesses by 1st April 2021.
Update to our Blog of 19th August 2020
Despite pressure from the business sector to postpone the mandate, the Indian government stuck to the deadline of 1st October 2020. However, it granted a grace period to issue invoices penalty-free without IRN, and then to obtain the IRN for such invoices within 30 days after the invoice date.
As expected, following the first few weeks of successful invoice registrations in India, the mandate will now be extended gradually to all businesses in two phases. The new schedule for B2B e-invoicing in India is:
- 1st January 2021: companies with an annual turnover of at least 100 CR INR.
- 1st April 2021 all taxpayers
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