Sooner Banks, Telcos, Insurers not liable to file GST e-invoices
January 15, 2020
According to the economic times, banks, telecom services, insurance companies, and airline companies might not be needing to issues e-invoices for GST.
This matter is still to be out and in the discussion part so the person who reported to economic times said, “Banks, airlines, telcos and other entities that have direct customer interaction on a large scale may be exempted from filing their e-invoices under GST.
This move is initiated by the government to prevent tax evasion and fraudulent claims of GST filings.