Pseudo extension in implementation of e-invoicing

The government has finally gone live with the implementation of the e-invoicing system from today, i.e. October 1, for taxpayers having an aggregate turnover of more than  ₹500 crores, in any of the preceding financial years for B2B supplies. This is a very significant step towards digitisation of the tax framework, which is not only expected to reduce the compliance burden in the long r…