Ministry of Finance asks ministries for status of end-to-end e-invoicing system | India News


NEW DELHI: The Ministry of Finance has requested the implementation status of the end-to-end e-invoicing system from ministries, departments and entities under it by May 15. The system launched in March this year aims to end rent-seeking in government contracts and is a step towards the “ease of doing business”.
In a letter to all secretaries last month, Finance and Expenditure Secretary TV Somananthan said: “It has been brought to the attention of this department that these instructions have not been implemented in various ministries and departments or their attached/subordinate bodies, autonomous bodies. or CPSE.
Urging them to implement the system immediately, the secretary requested the status report by next week. He referred to a meeting held in March where all departmental financial advisors received presentations on various issues, including the end-to-end e-invoicing system.
Withholding invoices from private actors, delaying their processing and delaying the release of payments are often used as rent-seeking tools in government entities.
The comprehensive online system, from invoice submission to payment release, allows contractors and suppliers to track their status in real time. In the last budget, the government said that this system would improve transparency, efficiency and put an end to all physical intervention.
An official from the National Highways Authority of India (NHAI) said they have fully implemented the system and contractors or suppliers can see where their invoices are stuck or who is delaying processing.
“It’s a good system that NHAI has in place. We can track invoices from the time we submit them using the Data Lake interface. We can also report the problem to senior officials so they can act quickly. Real payment delays hit companies because we have several liabilities and we can only make payments after government agencies settle our bills,” said a major highway builder.
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