{
  "id": 13781083,
  "title": "GST e-invoicing may cover services imports from unregistered companies",
  "url": "https://urgent.news/2026/10/11/gst-e-invoicing-may-cover-services-imports-from-unregistered-companies",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T18:45:16.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/gst-e-invoicing-may-cover-services-imports-from-unregistered-companies/articleshow/134876335.cms"
  },
  "original_language": "en",
  "account": "The Indian government plans to extend its goods and services tax (GST) e-invoicing system to include imported services and purchases from unregistered suppliers, according to a proposal recommended by the 57th GST Council. This new rule applies to businesses with an annual turnover of ₹5 crore or more. Currently, Indian businesses must issue self-invoices while importing services since overseas suppliers do not provide invoices in the Indian GST format. The proposed amendment might require firms to revise how they document and report these acquisitions.\n\nAlongside the e-invoicing expansion, the council also suggested a mechanism for rectifying tax liability and input tax credit (ITC) reported in GST returns, potentially starting from the April 2027 return period. This revised mechanism will be published for a defined consultation period, with finance minister Nirmala Sitharaman empowered to approve modifications based on stakeholder feedback. The council believes these changes will minimize discrepancies between tax liability reported by businesses and the ITC they claim, thus reducing demand notices and system-generated intimations arising from such discrepancies. Furthermore, the proposals might escalate compliance requirements as GST leans more towards the use of the Invoice Management System (IMS), which enables buyers to accept, reject, or hold supplier invoices for review.",
  "summary": "The Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with an annual turnover exceeding ₹5 crore. Companies will need to modify their documentation processes to comply with the new regulations. Proposed changes aim to reduce mismatches between tax liabilities and input tax credits. The consultation on these changes…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}