SERES Blog English

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.

The Serbian government has published a draft bill that would introduce mandatory electronic transport documents or electronic delivery notes, to take effect from January 2026.

The Portuguese Tax and Customs Administration (TA) and the Portuguese government began working to make e-invoicing mandatory in Portugal in 2004 with the publication of Decree-Law No. 256/2003, which established the basis for e-invoicing in the country.

The implementation of electronic invoicing in Bosnia and Herzegovina is still in its infancy, particularly in comparison to other European countries. Unlike in many other European countries, there is no legal obligation for businesses (B2B), consumers (B2C) or public administration (B2G) to use electronic invoicing. Despite the possibility of sending electronic invoices by post or fax, invoices are still processed in physical format.

The New Zealand government has published a series of reforms as part of an initiative to revitalise the economy and strengthen the SME ecosystem. The reforms are designed to facilitate the prompt payment of bills by all public bodies and the adoption of technology to enhance operational efficiency.