With the final nod from GST Council, electronic invoicing or e-invoicing system shall soon be a reality. A transformational move by the CBIC, e-invoicing in India can help curb tax evasion drastically and also bring efficiency and ease in GST compliance. Not only this but with e-invoicing, India can join the bandwagon of countries worldwide who have adopted universally accepted standards to streamline their invoicing, taxation and compliance reporting to the Government.
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