Now businesses have a very convenient tool to check the authenticity and validity of an e-invoice sent by suppliers. The Goods and Services Tax Network (GSTN) has authorised five official mobile applications for verification of genuineness of e-invoices of businesses. Although this functionality already existed on the GST portal, it could only be accessed using a computer i.e. desktop or laptop.
Experts lauded this innovation by GSTN and said this will make the process of invoice verification much more convenient. Moreover, it may also help curb the menace of fake GST invoices which is hurting businesses and protect buyer's input tax credit mechanism also.
An advisory dated November 27, 2024, from the Goods and Service Tax Network (GSTN) said, “GSTN has prepared a consolidated document on authorized B2B e-Invoice verification apps available for download. The said document would serve as a reference to ensure that taxpayers have the most up-to-date information regarding approved B2B e-Invoice verification apps.”
Source : The Economic Times
