25.07.2019

Indian VAT system hit by implementation delays

September 2019 roll out date has been pushed back.

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India recently announced plans to introduce a real-time electronic submission and approval regime by September 2019, which will require all vendors to transmit invoices in real time to the GST Network for digital certification before they are approved and passed onto customers.

This has now been delayed to January 2020.

It is estimated that over 68,000 companies will be brought into this regime and this new obligation will cover two-thirds of all GST paid.

For now, the regime will apply to B2B invoices only . There are talks that this may also extend to B2C invoices in the future.  

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