The new e-invoicing standard will enable the billing/ ERPs systems to realign the data access so that GST Portal can read the data uniformly.

What is the need for implementation of e-invoicing rules?

During the return filing, a user has to upload his invoices. Further, while generating an e-way bill, either a taxpayer has to manually fill the details or upload the invoice so the system can fetch the details automatically

To improve the compliance process, the Government has decided to implement e-invoicing rules.

E-invoicing will also allow the GST portal to receive invoices in a standardized format, making it easier to perform the reconciliation process timely.

How will e-invoicing help the taxpayers?

  1. Taxpayers won’t have to report data multiple times
  2. Once the taxpayers register e-invoices on the Invoice Registration Portal, they can generate sales and purchase register

Will e-invoicing force the taxpayers to generate invoices from a common centralized portal?

The taxpayers can continue to use their existing ASPs/ ERP systems to generate invoices. They will need to register the invoices on Invoice Registration Portal (IRP) using one of the modes given below –

  • API based
  • Mobile based
  • Offline tool based
  • GSP bases
  • And many more..

Will small taxpayers have to invest in a billing software post-implementation of e-invoicing rules?

The small businesses can continue to use the existing modes of generating invoices.

What will be the steps involved?

  1. The taxpayer will generate an e-invoice through the Application Service Providers (ASPs).
  2. The taxpayer will then report to the Invoice Registration Portal (IRP).
  3. IRP will generate a unique Invoice Reference Number (IRN), digitally sign the e-invoice and also generate a QR code.
  4. IRP will return the QR code to the taxpayer who generated the invoice.
  5. IRP will also send the digitally signed e-invoice of the taxpayer.

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