Sources aware of the matter related to e-invoicing said that Banks, airlines, telcos and other entities that have direct customer interaction on a large scale might get exemption for GST e-invoicing. Another person that government would have to specify the exemptions through notifications. Currently, banks and insurance companies are currently allowed consolidated invoices. “These entities would have to undergo heavy compliance costs if the exemption was not allowed,” said Bipin Sapra, partner at EY.
