E-invoicing under GST may be deferred

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The government is considering deferring the implementation of e-invoicing under goods and services tax (GST) by three months to July 1, two officials aware of the development said, adding that the Goods and Services Tax Council may consider such a proposal at its meeting on Saturday. “It (deferment) is being considered. The Council has to take up the matter at the meeting. they may announce it after the meeting and consultation with states,” one of the officials said, asking not to be named. Trials to upload e-invoices on the GST Network (GSTN) introduced in January have seen lukewarm response, and barely 1% of registered businesses under the GST regime used it, the other official said.

“We need feedback. if only a few companies upload e-invoices now, we will not know the shortcomings of the system. When it becomes mandatory from April 1, a deluge will inundate the system, and then people will say that the government’s systems are not working,” the official added, requesting anonymity. The deferment proposal comes close on the heels of finance minister Nirmala Sitharaman pulling up the GSTN top brass and technology provider Infosys at a GSTN meeting last week.

Read More at: https://economictimes.indiatimes.com/news/economy/policy/e-invoicing-under-gst-may-be-deferred/articleshow/74542451.cms