Small firms seek one-year exemption for oversight in GST e-invoicing

Small enterprises, which were recently brought under the e-invoicing mandate, should be given an exemption for any oversights for at least one year, as they will face challenges in adopting the technology and upgrading their accounting systems, stakeholders said.

The Union government in a May 10 notification lowered the threshold for e-invoicing from Rs 10 crore to Rs 5 crore, following which it will be mandatory for smaller businesses to carry B2B transactions via e-invoices.