Hostbooks Benefits of e-Invoicing and its Significance in Businesses

The new standard of E-invoicing has several advantages. Precisely, because of this, tax compliance is becoming a part of the business process. In fact, many other vital things like GST returns pre-file, auto-generation of the e-way bill (where required), reduction in frauds and tax evasion, etc. are becoming possible due to the new standards of e-invoicing. This will become more significant when E-invoicing would replace the e-way bill system and the existing methods of filing GST returns, as indicated by the Government. While e-invoicing has some immediate benefits, it will have many far-reaching benefits for the entire business ecosystem.