The Punjab Revenue Authority has warned businesses of strict action for failing to comply with the mandatory Electronic Invoice Monitoring System. Field formations have been directed to accelerate the registration of eligible businesses and ensure wider implementation of EIMS across Punjab.
The Authority has placed particular focus on fake, unauthorized and QR code-less invoices. Complaints involving such invoices are to be investigated promptly, and businesses found responsible may face substantial penalties and other legal action under the Punjab sales tax framework.
Businesses falling within the EIMS regime should not treat electronic invoicing as a mere software installation exercise. Registration details, invoice sequencing, QR code generation, transaction reporting and reconciliation with sales tax returns must all be reviewed to ensure that the information being transmitted to PRA is complete and accurate.