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Compliance solutions provider and fintech company IRIS Business Services launched an Invoice Registration Portal (IRP), one of the first private government-authorised invoice registration portals, for business-to-business (B2B) and export invoices, among others, it said in a regulatory filing on Tuesday.
There are various ways to make tax compliance seamless, especially with GST and e-invoice integration using e-invoice software. This has been a transformational move by the Central Board of indirect taxes and customs. E-invoicing in India has helped in curbing tax evasions exceptionally and brought ease and efficiency to Goods and Services Tax and GST compliance. Not just this, but e-invoicing in India has joined the trend of countries all over the world that have adopted standards universally. This has been done to streamline taxation, invoicing, and compliance reporting to the government. Th...
The Indian government has reduced the threshold for mandatory issuance of e-invoice by businesses from INR 500 million to INR 200 million annual turnover.