e-Invoicing is the automated creation, exchange, and processing of invoices between suppliers and buyers using digital format. This means no more paper invoices, less manual processing efforts, increase cost saving and possibly faster payments.
More digital solutions are now offered with e-Invoicing feature. So can MCSTs adopt e-Invoicing for dues of management and sinking funds? The answer is Yes.
However, there is a qualification. Section 129(1B) of the Building Maintenance & Strata Management Act (BMSMA) states that any notice served on a subsidiary proprietor (SP) by electronic means is not treated as given to or served on the SP unless that notice is also posted to that SP at his registered address. If e-Invoicing is adopted, the MCST would still need to post hard invoices to their SPs. In this context, there would be no cost saving and certainly double work. Some people suggested an Opting- in method meaning, SPs may opt in to receive e-Invoices. There are doubt that such private arrangement could override a statutory requirement expected of an MCST.
Some people questioned why notices for general meetings via emails could be allowed for general meetings conducted by electronic means. This is made possible because of the exemption provided for in the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for MCSTs,Sub-MCSTs and Sale Committees) Order.
This is a digital world. The BMSMA should be amended to allow for more digital delivery be implemented.
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