NASSCOM’s Representation: Deferment of implementation date of e-invoice system
Blog: NASSCOM Official Blog
NASSCOM made a representation to the Goods and Services Tax Council (GST Council) highlighting difficulties faced by It-BPM industry in implementation of e-invoicing system on a mandatory basis from April 1, 2020 for taxpayers whose aggregate turnover exceeds INR 100 crores.
Based on industry inputs and representations, GSTN issued the final concept note and e-invoicing schema along with Frequently Asked Questions (FAQs) on October 11, 2019. Since then, the schema has been revised/ updated 3 times (last being on 14.02.2020). Second, the final APIs to the system were published in early January 2020. However, due to the ongoing changes in the schema, the industry is unable to freeze their requirements and develop their software functionality. Further, we highlighted certain aspects of e-invoicing to GSTN requiring clarity.
We have requested GST Council to defer implementation of the e-invoicing rollout for the very same reasons as summarized above – lack of adequate time frame for the industry to meet the deadline and areas where clarifications are still awaited. Given that the ERP and accounting systems operate at a global level and various businesses have their own nuances in terms of the application development process and business model requirements, it is important that more time is provided. Lack of time will result in industry facing a serious issue in their ability to generate valid invoices in April.
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