Masters India understands that the taxpayers are hands-on with the ERPs they currently use. As of today, most of the ERP solutions do not have an integrated and holistic function to cater to e-Invoicing needs and nor can they connect with the Government Portals in real-time. While implementing a new process like E-Invoicing through the … Read moreMasters India autoTax 365 and NAV 2016 (MSFT) – E-Invoicing Solution
E-invoicing is a process through which a taxpayer can authenticate all the B2B invoices. It helps in validating whether the invoice generated can be used to file GST Returns or e-way bills. It is not easy to fetch all the data directly to the GST portal from GST Software as the invoices generated via different … Read moreHow to generate e-Invoice under GST?
As per the last GST Council Meet, the council member collectively decided that the e-invoicing system under the new GST Return will be implemented from January 2020. However, there is a limit of aggregate turnover on which it will be applicable. So, in this article we will discuss all e-invoicing system implementation under New GST … Read moreE-invoicing System under New GST Return
Background In the 38th GST Council meeting, the GST Council has decided to implement the e-Invoicing from 1st Jan 2020. Currently, the e-Invoicing system will be used to report only B2B invoices to the GST System. NIC being the first Invoice Registration Portal (IRP) has also made the e-Invoice process through API mode. The GSPs … Read moreIntroduction to e-Invoicing APIs
Q1. Can a foreign service provider integrate with Invoice Registration Portal (IRP)? If yes, how to integrate it with IRP? Ans. Yes, the foreign service provider can integrate with IRP but they have to be within the shores of India. The integration process will be soon released on the gst.gov.in website. Q2. Can a person bulk upload the … Read moree-Invoicing FAQs
Agenda India’s position in ease of doing business What is meant by e-invoice? Why are we getting into this? Implications for the Taxpayers Implications for the accounting/billing/ERP providers Timelines Technical Specs by NIC team Ease of Doing Business India was at 77th position in 2018. On Paying Taxes, India at 121. India is at … Read moree-Invoice Reporting – A step towards improving Ease of Doing Business and Reporting for GST
Despite considerable advancement in technology, paper invoices still seem to have a foothold within businesses, large and small. While former requiring physical copy of invoice because of antiquated practices waiting to be reconsidered by management, for latter, it might mean staying out of tax net. Some businesses, especially the smaller ones, are okay with an image … Read moreBrief Introduction to E-Invoicing
For reporting B2B invoices to the GST System, the GST Council has proposed e-invoicing in a phased manner from January 2020. e-Invoicing standards has also been curated with the help of trade/industry bodies along with ICAI. Standard will ensure that e-invoices generated by one software can be read by another software, thus eliminating the data … Read moreProposed e-Invoicing System