News
GST e-invoices jump threefold within a month of launch, shows data
- Date:
- October 31, 2020
- Source:
- Business Standard
The e-invoicing system under the goods and services tax (GST) regime got off to a smooth start, overcoming initial apprehensions, with invoice generation per day rising threefold within a month of its roll-out. About 2.4 million invoice reference numbers (IRNs), or e-invoices, are being generated daily now, compared with 800,000 on October 1, when it was made mandatory for entities with turnover o…