E-invoicing: Will government's response to GST frauds be effective?
Facing the uphill task of fixing revenue leakages due to fake invoicing under the Goods and Services Tax (GST) regime, the government has given its nod to e-invoicing, an electronic system to generate invoices and simultaneously getting it verified by a government agency. At the press briefing after the conclusion of the 35th GST Council meeting, the revenue secretary Ajay Bhashan Pandey said that…