Key disadvantages of e-invoicing include high initial setup and software integration costs, significant training requirements, and increased vulnerability to cybersecurity risks. Furthermore, systems face downtime, require stable internet, often struggle with B2C transactions, and cannot easily amend invoices, demanding strict compliance.
The Top Four E-Invoicing Implementation Challenges Businesses Face (And How to Overcome Them)
Invoicing may appear to be free or at least extremely low-cost; however, the indirect costs are significant. Invoices must be raised and sent, and a bank reconciliation process must be completed once payments are received. Invoices inevitably have to be chased up as late payments are a big issue for businesses.
The disadvantages of online payments include fraud risks, difficulty in tracing, technical issues, reliance on the internet, loss of smart cards, identity theft, and more.
E-invoicing is mandatory for businesses with an aggregate turnover exceeding Rs. 5 crore in any financial year since 2017-18. This turnover includes the combined turnover of all GSTINs under a single PAN across India.
Two specific monetary penalties can be levied for e-invoicing non-compliance: Penalty for not generating an e-invoice: 100% of the tax amount or Rs 10,000 per invoice, whichever is higher. Penalty for incorrect e-invoicing particulars: flat Rs 25,000 per invoice.
When invoices are held electronically, the data can easily be integrated into other company systems. This can allow organizations to make informed decisions on current financial data. Another benefit of e-invoices is that the invoice information is more efficiently shared with auditors to maintain compliance.
3 Safe Online Payment Methods
Cons of Bill Pay
For those unfamiliar with digital banking, there can be a learning curve to setting up and managing Bill Pay. However, once you get familiar with it, it's easy to use. If you don't monitor your checking account balance, automatic payments might lead to overdrafts or insufficient funds fees.
Many customers just forget to pay invoices on time. Other common reasons for overdue invoices are disputes/queries, customer cash flow issues, technical glitches and internal payment cycles. Businesses can overcome these issues with a few careful techniques that encourage and incentivise prompt invoice payment.
The 3-way matching process is a quality control measure to ensure that the three documents in an invoice paying process correspond:
More than 80 countries have implemented e-Invoicing mandates, and 50 more plan to impose new or additional mandates. The desire to capitalize on the benefits of e-Invoicing has led to a diverse and complex landscape, with each government implementing its own e-Invoicing compliance requirements.
If there is a mistake or wrong entry in the e-invoice, what has to be done? If there is a mistake, incorrect or wrong entry in the e-invoice, then it cannot be edited or corrected. Only option is to cancel that invoice/IRN and report a new document (with new number) and generate a fresh IRN.
Credit cards offer features like encryption and fraud protection to help keep your personal information secure.
Top 10 Digital Wallets in 2025 (Worldwide)
PayPal and Zelle have similar security protocols and encryption. They both have strict controls and offer two-factor authentication for payments. Zelle has the additional advantage of being embedded into many banking apps.
Some of the safest ways to pay online include debit and credit cards, digital wallets, payment apps, ACH payments, virtual cards, cryptocurrency, and more.
There are various forms of electronic payments, including credit/debit card transactions, bank transfers, e-wallets, mobile payments, and online banking. These methods provide a fast and secure way to make purchases or transfer funds without physical contact.
Many people still prefer cash transactions as it is available at hand and possess no threat of security breaches. The downside of using cash, however, is that there's no accurate track of transactions, and an inability to transact from anywhere for anything.
The E-Invoice Applicability Limit in 2025
In 2025, the limit is ₹5 crore. That means if your aggregate turnover in any financial year since 2017-18 is ₹5 crore or more, you need to issue e-invoices for B2B transactions, exports, and certain government supplies.
E-invoicing, or electronic invoicing, refers to the process of issuing, transmitting and receiving invoices in a structured electronic format that allows for automatic and electronic processing.
If the taxpayer's annual turnover or revenue subsequently reached / exceeded RM1 million in YA2026 onwards, the taxpayer is required to implement e-Invoice starting from 1 January in the second year following the YA in which the total annual turnover or revenue reaches RM1 million.