GST ADVISORY BREAKING: Introduction of e-Invoicing Facility for Recipient Generated Self Invoices under Reverse Charge Mechanism for Domestic Supplies from Unregistered Persons (RCMDOM) and Import of Services.
E-invoicing for RCM transactions? Seriously, why? Under RCM, the recipient already generates a self-invoice wherever required and pays the applicable GST in cash!
Now, we are adding another layer of compliance by requiring IRNs for recipient-generated invoices.
What exactly does this achieve? Better compliance, or just more compliance?
GST needs simplification, not endless layers of reporting and technical formalities…
