Unclear practices and standards have made it difficult to say the least to do business in India. That is, until now. The India CBEC (Central Authority) has approved Tungsten Network as the only service tax processor nationwide.
Businesses on the Tungsten Network can now trade freely in India, without worrying about the complex and confusing regulations that the govern the country, and it’s states. E-invoicing in India with Tungsten Network is simple and goes as follows:
- Suppliers send transactional data to Tungsten Network
- Tungsten Network creates an invoice on the Supplier’s behalf
- Invoice PDF and wider data file is sent to the Buyer, per their requirements
- The legal, digitally signed invoice PDF is stored in the Tungsten archives for future reference
What’s more, Tungsten Network also supports excise invoices nationwide, with a concentration on the eight states with the most economic impact.
Find out more about Tungsten Network and why the India CBEC has entrusted us with service tax invoice processing. Download this informative paper for details.