GST e-invoicing News

The initial date for its rollout was April 1, 2020, but the Centre notified October 1, 2020, as the revised date for the implementation of e-invoicing. As per the website of the Good and Service Network `e-invoicing` has many advantages for businesses such as standardisation, interoperability, auto-population of invoice details into GST return and other forms (like e-way bill), reduction in processing costs, reduction in disputes, improvement in payment cycles and thereby improving overall business efficiency.