Limited e-invoicing window a worry for small and medium companies

With the government set to roll out the next phase of e-invoicing, covering entities with a turnover of Rs 50 crore and above from April 1, micro, small, and medium enterprises (MSMEs) are concerned over the limited window for preparedness.

The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses with Rs 100 crore or more on January 1 for business-to-business transactions.

With 56,000 GST (goods and services tax) identification numbers in the fray, another 95,000 are expected to be added by April 1. A business entity can have