GST council makes e-invoices mandatory for businesses with turnover above Rs 5 crore, to plug compliance loopholes

According to a survey of industry leaders by Deloitte, 90 per cent feel that the Goods and Services Tax has made business easier, by consolidating several taxes into one levy. At the same time findings by trader body CAIT show that 66 per cent of small businesses, which account for 30 per cent of India’s GDP, feel that GST registration interrupts their operations.