GST InvoiceNow: The only guide you need to navigate Singapore’s E-Invoicing
Peppol's got updates! Peppol was introduced by IMDA in 2019. In 2024, IRAS introduced an improved and rebranded version of Peppol, InvoiceNow, that states GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow solutions via the InvoiceNow network. This digital invoicing method reduces the need for manual processing and recording of invoices in accounting systems, which helps businesses avoid tedious work and errors. Let’s dive into more detail below: What is GST InvoiceNow? The GST InvoiceNow Requirement is a joint initiative...