GST InvoiceNow is a new initiative jointly introduced by the Inland Revenue Authority of Singapore (IRAS) and the Infocomm Media Development Authority (IMDA) to encourage seamless, digital B2B invoicing through the nationwide e-invoicing network. The initiative ensures greater efficiency, accuracy, and compliance for businesses adopting electronic invoicing. With the recent announcement of the GST InvoiceNow requirement (here), companies in Singapore will soon need to align their finance workflows accordingly. Sodainmind, an IMDA-accredited Access Point provider, is already set to support businesses through this transition. By integrating with Sodainmind’s AccessPoint, businesses can confidently manage the administrative shift toward digital invoicing while maintaining compliance with the latest IRAS requirements.
Understanding GST InvoiceNow and Its Objectives
The GST InvoiceNow requirement is designed to improve digital readiness and simplify GST reporting in Singapore. This helps create a more transparent and efficient business ecosystem for all participants.
Streamlining Invoicing With Peppol Network
InvoiceNow operates using the Peppol eDelivery Network, a secure and standardised digital infrastructure for invoice exchange. This ensures reliable communication between businesses and government agencies, reducing manual data entry and human error.
- Automated invoice exchange through standardised formats.
- Reduced reconciliation time and improved data accuracy.
- Faster payment cycles and streamlined accounting processes.
How Sodainmind’s AccessPoint Supports Compliance
Sodainmind’s AccessPoint for InvoiceNow is already fully compliant with the IRAS and IMDA specifications. This enables organisations to send and receive invoices electronically while ensuring every transaction meets regulatory requirements.
Features That Enhance Business Efficiency
- Immediate connectivity to the Peppol network with minimal setup.
- Integration with existing ERP and accounting systems.
- Real-time validation and compliance monitoring.
With these features, businesses can achieve smoother operations and improved financial workflow visibility.
Getting Started With InvoiceNow on Sodainmind
Businesses can onboard quickly by registering through Sodainmind’s AccessPoint and integrating their systems to send invoices digitally. The process is efficient and supported by our expert team to ensure minimal disruption.
- Consultation and setup guidance for your organisation.
- Testing and validation before going live.
- Ongoing compliance and technical support.
Conclusion: Partner With Sodainmind for a Digital Future
As Singapore transitions toward a fully digital invoicing environment, Sodainmind is ready to support businesses in achieving compliance with the GST InvoiceNow requirement. Our platform is built for reliability and scalability, helping companies streamline invoicing, reduce operational costs, and embrace sustainable digital transformation. As an officially approved Access Point under the IMDA Peppol framework, Sodainmind ensures that your business stays ahead of regulatory changes and remains future-ready. Together, we can make your invoicing process smarter, faster, and paperless. For personalised assistance or to get started, contact our team at info@sodainmind.com — we are here to help you every step of the way on your digitalisation journey.
