Million Peppol Ready E-Invoicing
Phased adoption of GST InvoiceNow Timeline:
May 2025
Open for GST-registered businesses that wish to be early adopters. To adopt InvoiceNow Solution and start to transmit Invoice data to IRAS
1 November 2025
Newly incorporated companies that voluntarily apply for GST registration are required to send invoice data to IRAS using InvoiceNow solutions.
1 April 2026
All businesses that voluntarily apply for GST registration are required to send invoice data to IRAS using InvoiceNow.
GST InvoiceNow is now F.O.C. for GST-Registered businesses from 1 Apr 2025 to 31 Mar 2027*
*T&C Apply
What is InvoiceNow?
InvoiceNow enables the seamless transfer of invoices in a structured digital format between accounting systems via the Nationwide E-Delivery network, which is based on Peppol. This allows invoices to be converted into e-payments, such as PayNow, instantly.
IRAS GST Invoicenow
Million, equipped with the InvoiceNow feature, will connect to IRAS through Access Points (AP), facilitating the seamless transmission of invoice data to IRAS.
Whenever businesses send invoice data to IRAS via InvoiceNow, IRAS receives a copy of the invoice data for both issued and received invoices, which are recorded in InvoiceNow solutions like Million.
The five points of invoice documents on Peppol Network.
Supplier (Corner 1/C1) → Access Point (Corner 2/C2) → Buyer’s Access Point (Corner 3/C3) → Buyer (Corner 4/C4)
And the Invoice Data shared to IRAS’s System (Corner 5/C5) through C2 & C3
What is C5?
On the Peppol network, an invoice document is firstly created by the supplier (known as Corner 1 or C1), and sent to their Access Point (known as Corner 2 or C2). C2 will send the invoice document to the buyer’s Access Point (known as Corner 3 or C3), who, will then forward the same to the buyer, (known as Corner 4 or C4). Working in conjunction with the Peppol Network, invoice data will be channelled to IRAS system (C5) via C2 and C3. To provide better understanding of mechanism for invoice data submission, we have classified each transaction type based on the business’ point of view.
* Corner 1 and corner 4 represent invoice system.
** Peppol Service Provider in this context is an Access Point accredited by IMDA
Save Time Efficiently
Million E-Invoicing (InvoiceNow) offers a powerful time-saving solution.
For a typical 60-day term invoice processed through the traditional method (excluding financing or factoring), Million InvoiceNow significantly reduces processing time, providing substantial time savings.
Faster e-invoice generation with no postal or courier delays. Million simplifies the process with system-assisted dropdowns and pre-filled customer and product details, saving hours—especially when order information is already in the system.
Reduced manual effort and errors with structured data format. Traditional invoices take days for data entry, but with Million, e-invoices are transmitted via the Peppol network in a standard format. Buyers receive invoices directly in their Accounts Payable system, eliminating manual entry, scanning, and risks of errors, manipulation, or fraud.
Million enhances InvoiceNow with AI-powered anomaly and fraud detection, secured by encryption. Simple e-invoices go through instant processing, while complex ones undergo 3- or 4-way matching with supporting data. A real-time dashboard enables close monitoring, reducing delays and improving accuracy.
Million enables automatic e-payments, eliminating manual payment file preparation and saving days. In partnership with banks and the Association of Banks in Singapore, IMDA supports SME solutions for smooth payment processing.
Benefits of IRAS GST InvoiceNow
Enhanced Efficiency
Enhanced Efficiency
InvoiceNow automates e-invoice transmission, removing manual tasks such as sending, receipting, and recording.
Minimized Errors and Costs
By automating invoicing, InvoiceNow reduces errors, lowers rectification costs, and cuts storage expenses with electronic record-keeping.
Optimized Cash Flow Management
With a faster invoicing process, InvoiceNow improves cash flow management, allowing businesses to focus on growth.
Effortless GST Compliance
InvoiceNow assists GST-registered businesses in maintaining accurate records and reducing incorrect GST claims.
Accelerated Audits and Refunds
By minimizing audit risks, InvoiceNow streamlines the process, expediting GST refund claims for businesses classified as lower risk.
Discover how IRAS GST and InvoiceNow in Million help you stay organized effortlessly.
Contact us for more details or a free demonstration!
FOC C5 (Free of Charge) for GST InvoiceNow
We are pleased to share that GST Invoice now C5 is free of charge for all for C5 customers including B2B and B2G InvoiceNow transactions 1 April 2025 to 31 March 2027.
Register Now
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