The Goods and Services Tax Network (GSTN) introduced e-Invoicing for certain Taxpayers with effect from 01 October 2020 and has been gradually onboarding Taxpayers on the e-Invoicing portal. Currently, e-Invoicing has been enabled for Taxpayers with turnover between INR 50-100 crores. The GSTN has also provided Taxpayers with offline tools for e-Invoicing (including bulk e-Invoicing). … Read moreHow Can You Decide Which Type Of E-Invoicing Integration To Opt For?
E-Invoicing was mandated in India for the first time on 1 October 2020. The first rollout was for businesses with an annual turnover of more than INR 500 crores. From 1 January 2021, businesses with an annual turnover of more than INR 100 crores had to implement the e-Invoicing mechanism. As per a recent Government … Read moreHow Will Recipients Receive E-Invoices From Their Suppliers?
The first phase of e-Invoicing was launched on 1 October 2020. In this phase, businesses having a turnover of more than INR 500 crores in any previous financial year from 2017-18 had to implement e-invoicing for their B2B invoices mandatorily. The second phase (launched on 1 January 2021) focused on businesses with a turnover of … Read moreERP Integration For E-Invoicing
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
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
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