LHDN e-Invoice – Assessing Readiness of e-Invoice

Key Considerations … | Preparing for the e-Invoice

Key Considerations from Business Perspective

No. Description
1. Identifying all possible transactions attracting e-invoicing. (like exports/ imports/ cross charges/ asset transfers, etc)
2. Requirements of updating masters of Vendors and Customers to cater to additonal information required for invoices. (like Purchase details/ Registration No./ Bank Details/ TIN Code, etc.)
3. Accounting system updation/ customization to have required interface with the Govt. portal.
4. Flagging Vendors into small and large categories to identify data collation requirements. (Auto populated for large vendors covered by e-invoice and manual for small.)

Preparing for the e-Invoice