The e-invoicing system under the goods and services tax (GST) regime got off to a smooth start, overcoming initial apprehensions, with invoice generation per day rising threefold within a month of its roll-out.
About 2.4 million invoice reference numbers (IRNs), or e-invoices, are being generated daily now, compared with 800,000 on October 1, when it was made mandatory for entities with turnover of Rs 500 crore or more. Encouraged by this, the government is likely to begin e-invoicing testing for all entities with a turnover of Rs 50 crore or more from November 15, as it plans to ...
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