Extending Transaction-Level Visibility to Inward Supplies through e-invoicing

The proposed extension of e-invoicing to specified domestic supplies received from unregistered persons under RCM and imports of services by taxpayers with aggregate annual turnover of ₹5 crore and above represents a significant evolution of the existing framework. The precise compliance mechanism will depend on the final notification and technical design. J's View: The larger shift is towards transaction-level visibility irrespective of who issues the invoice or bears the tax liability.