India relaxes e-invoice deadline for COVID-19
- Oct 2, 2020 | Richard Asquith
India is to provide a soft-landing period for smaller businesses on the 1 October 2020 rollout of electronic invoices.
Businesses with an annual turnover below INR 5billion will not be subject to fines if they fail to comply with the new e-invoice clearing regime according to the Central Board of Indirect Taxes and Customs. This means affected businesses will not have to report and clear their sales invoices with a valid number until 1 November 2020.
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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
