{"id":3217,"date":"2019-05-08T06:14:20","date_gmt":"2019-05-08T00:44:20","guid":{"rendered":"http:\/\/udaen.info\/?p=3217"},"modified":"2019-05-08T06:14:20","modified_gmt":"2019-05-08T00:44:20","slug":"to-plug-gst-evasion-government-may-soon-launch-e-invoice-provision","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=3217","title":{"rendered":"To plug GST evasion, government may soon launch e-invoice provision"},"content":{"rendered":"

In order to pull the plug on GST evasion, the government is working on a mechanism wherein businesses with a turnover exceeding a particular amount will have to generate electronic invoice either on a government portal or on the Goods and Services Tax (GST) portal.<\/p>\n

Such businesses — above the specified threshold — will initially get a unique number for every e-invoice generated.<\/p>\n

“The unique number can be matched with the invoices reported in the sales return and taxes paid,” a senior government official told Moneycontrol.<\/p>\n

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Going forward, businesses will be required to generate an e-invoice recording the entire value of sales.<\/p>\n

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\"Moneycontrol\"<\/a><\/div>\n

\u00a0GET APP<\/a><\/p>\n

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