GST Compliance tightened: Buyers from big firms to show valid e-invoices for tax credit

Aiming to collect almost the same sum as taxes as last year, the revenue department is tightening compliance requirements related to e-invoicing. The buyers are required to ensure proper e-invoices are issued to them by listed large GST-registered businesses; in the absence of such e-invoices, the buyers could lose input tax credit. A list released by the department includes over 28,000 GST identi…