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Asia

electronic-invoicing-india
13 December 2024

What's new in e-invoicing in India?

E-invoicing has been a mandatory requirement for businesses in India engaged in B2B transactions since its gradual implementation commenced in October 2020, with the deadline for compliance set for April 2021. The body responsible for the supervision of the national invoicing regime in India is the Goods and Services Tax (GST) Council.

From 1 April 2022, the obligation will apply to all taxpayers with an annual turnover of Rs 20 million or more. In August 2023, it will be extended to taxpayers with an annual turnover of more than Rs 5 million.

A significant new requirement, effective from 1 April 2025, is that any company invoicing electronically in India with an annual turnover of more than Rs 10 crore will be obliged to submit invoices to the GST portal within 30 days of the invoice being issued.

In the context of B2C transactions, Indian taxpayers are obliged to generate a QR code, a requirement that applies to those with a turnover of Rs 500 million or more. Conversely, a voluntary period for B2C transactions is to be launched, with an estimated commencement date of 2026 or 2027.

electronic-invoicing-Malaysia
28 October 2024

Malaysia's e-invoicing regime is now up and running

On August 1, 2024, the mandatory pre-clearance e-invoicing regime for B2B, B2C and B2G transactions started in Malaysia. Known as the "soft launch", taxpayers with a turnover of more than MYR100 million were the first to be subject to the new mandate.

e-Invoicing
4 September 2019

Adapting the Asian market for electronic invoicing

One of the particular features of the Asian market is its heterogeneous nature. It is much more diverse, for example, than either the European or Latin American markets. Asia is the largest and most populous continent on Earth. It has a concentration of major economic powers alongside others that are still in the very early stages of development. In such an uneven environment, electronic invoicing is only gradually finding its place.

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Key numbers

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+30 years

of experience
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+750 MM

€/year managed
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3 Millions

active users
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+1.000 M

documents/year exchanged
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+200.000

connected companies
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113

countries with exchange

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