E-Invoicing under GST Archives

E Invoicing under GST- a Self-help set-up for registering and obtaining digitally signed Electronic Invoices under GST Earlier in the year 2021, the CBIC in issued a notification and made E-invoicing mandatory for taxpayers who have turnover of more than 50 crores on business to business (B2B) transactions. The same came into force on 1st of April, 2021. Now in the year 2022, the Government has extended the E-Invoicing System to the taxpayers whose annual aggregate turnover is more than Rs.20 crore and up to Rs.50 crore. In this article we have discussed everything about E-Invoicing under GST including "What is E-Invoicing?", "Who is liable to issue E Invoice under GST?", "Benefits of GST E-Invoicing" etc. What is E-Invoicing under GST? E Invoicing under GST is system that applies to specific categories of taxpayers. It is a system where a person can register and obtain digitally signed Electronic Invoices under GST all by himself. E Invoice is a set up where in invoices for Business to Business (B2B) Transactions are authenticated electronically by GST Network for extended use on the common GST portal. For every invoice issued by the Invoice Registration Portal (IRP), an identification number will be issued under the Electronic Invoicing System that shall be managed by the GSTN. Who is liable to issue E Invoice under GST? Every registered taxpayer under GST who has aggregate annual turnover of more than Rs. 20 Crore in any of the financial year since 2017-18 needs to issue an E-Invoice. It is important to note here that, such aggregate turnover shall be inclusive of the turnover of all the GSTINs under a single PAN in India. All the information on invoice is transferred from E-Invoice1.gst.gov.in portal to the GST portal and E-Way bill portal both together in real-time. Hence, it does not require to fill in manual data entry at the time of GSTR-1 Return Filing and at the time of generating part-A of the E-Way Bills, as the information is seeded in directly by the Invoice Registration Portal (IRP) to GST portal. Related Read- How to generate E-Way Bills under GST? Taxpayers that are not required to generate E Invoicing under GST E-Invoicing under GST is not applied to the following categories of taxpayers, irrespective of the turnover: An insurance or a banking company or a Financial institution, including an NBFC A Goods Transport Agency (GTA) A registered taxpayer supplying passenger transportation services A registered taxpayer supplying services by way of admission to the exhibition of cinematographic films in multiplex services Benefits of E Invoicing under GST The taxpayers and businesses will have the following advantages by using E Invoicing under GST GST E-invoice unifies the data reconciliation under GST that reduces the mismatch errors. It helps in reducing data entry errors as the E-invoices created on one software can be read by another that results in interoperability. Invoices prepared by the supplier can be tracked in real-time by e-invoice. For filing GSTR 1 and for generating the Part A of the E-Way Bills, all the relevant details of the invoices shall be auto-populated, that makes the GST Return Filing Process easier E-Invoicing enables faster availability of genuine ITC (Input Tax Credit). The information required by the tax authorities are made available at a transaction level and hence there would be a lesser possibility of audits/surveys. Documents required for E-Invoicing Following are the documents that are to be reported into the IRP for the E-Invoicing Purpose : Invoices by the supplier Credit notes by the supplier Debit notes by the recipient Any other document as notified under the Goods & Service Tax Act that needs to be reported as an E-Invoice by the creator of the document Procedure to get an E-Invoice under GST The below given are the steps to generate or raise an E-Invoice under GST: Generate a regular invoice on the software: Fill in all the required details like billing name & address, GST Number of the supplier, transaction value, item rate, GST rate applicable, tax amount, etc. Raise the invoice on the respective ERP software or billing software: After raising the invoice, the taxpayer needs to upload the details of the invoice, importantly the fields that are marked as mandatory fields, onto the Invoice Registration Portal using the JSON file or via an application service provider (through an app or through GSP) or through direct API. Generation of Invoice Reference Number: In the next step the IRP i.e. Invoice Registration Portal will validate the key details of the Business to Business invoice also they will check for the duplication, if any and generate an IRN (hash) for reference. Creation of a QR code in Output JSON: Once the IRN has been generated, the IRP shall digitally sign the invoice and for the supplier, the IRP shall create a QR Code in Output JSON and if the supplier has mentioned his email ID in the invoice, then On the other hand, the seller will get an intimation of the E-Invoice generation through email. Details to be sent to the GST Portal and E-Way Bill Portal: The Invoice Registration Portal shall send the authentication and forward the details to the GST Portal for filing GST Return through which the details in Form GSTR 1 of the seller will be auto filled and the IRP will send the details also to the E-Way Bill Portal. With all the explanations and information given above on E-Invoicing under GST, the registered taxpayer can continue to print his invoice as being done presently with a logo. The E-Invoicing system under GST only mandates all the registered taxpayers to report their invoices on Invoice Registration Portal in an electronic format.

For Indian Entrepreneur

For Foreign Entrepreneur

Special Entities

Tax Registrations

Other Registration

Returns

Annual Filings

Change Services

Closure

Legal Drafting

Special

Trademark

Copyright

Patent

Designing & Marketing

Blog

All you need to know about E Invoicing under GST

Hi, Welcome to EbizFiling!

HOME

POLICY

RELATED LINKS

CONNECT WITH US

TOP 3 READS

All need to know about Trademark infringement

LLC vs. Corporation: Start your company in US

Duties of an Auditor in a Company

Secure Payment Modes

FSSAI Licence Modification
FSSAI License Renewal
Private Limited Company
US payroll services in India
UK Business Outsourcing Process in India
File CRF Form to change Master Data on MCA
Reply to Notice Under Section 148 of Income Tax Act
Reply to Notice u/s 143(2) of Income Tax Act for Scrutiny Assessment
Reply to Intimation Notice under section 245 of Incone Tax Act
Reply to Defective Notice u/s 139(9) of Income Tax Act
Reply to Income Tax Notice u/s 143(1)(A) for Prima Facie Adjustment
Reply to intimation notice of Section 143(1) of Income Tax Act
Reply to Income Tax Notice Under Section 133(6)
Corporate Legal Advice
LEI Code Registration
Employee Background Verification
US Business Solutions and Outsourcing Services in India
LLC Annual Compliances in Wyoming, USA
LLC Annual Compliances in Florida, USA
E-RCMC Registration under EPCES in India
Annual Filing & Bookkeeping & Accounting Service for Partnership Firm
ITIN Registration in the USA
Offshore Staffing Services in India
SEO Services in India
Content Writing Services in India
File Form 10BD Online under Income Tax Act
Annual Filing For Trust in India
Register a company in India from UK
Register a company in India from Germany
Register a company in India from France
Register a company in India from US
LLC Annual Compliances in Delaware, USA
Register a company in India from Canada
Register a company in India from UAE
Register a company in India from Singapore
Register a company in India from Australia
Company Registration in Indiana
Company Registration in California
Company Registration in New Mexico
Company Registration in New York
Company Registration in Texas
Company Registration in Wyoming, USA
Register Company in Florida, USA
Company Registration in Delaware
Annual Filing & Book-keeping & Accounting Service for Proprietorship Firm
Wall Designing
Virtual Office in India
Form 15CA Online Filing – Income Tax
NGO Darpan Registration
Overseas Direct Investment (ODI) through Automatic and Approval Route
HR Hiring and Recruitment Services in India
FLA Return Filing Online to RBI in India
APEDA (RCMC) Registration in India
ROC Annual Compliance for Producer Company
ROC Annual filing for Section 8 Company
ROC Annual filing for Public Limited Company
FCRA Registration Online in India
File Form CSR 1 online
Appeal to CIT- File an Appeal to Commissioner to Income Tax
Reply to Scrutiny Assessment Notice u/s 143(3)
Reply to Income Tax Notice- Know How to Respond to IT Notices
Surrender IEC License Online in India
भारत में कंपनी पंजीकरण / रजिस्ट्रेशन
Drop-Shipping Business in India by Foreigners
OPC Registration in India by an NRI
Company Registration in India- Know how to open a Company in India
Creation of Charge
LLP Registration in India by an NRI
Company Registration in India by an NRI
Right Issue of shares / Right Offerings
Renewal of IEC License
Application for the Extension of Name Reservation
Digital Marketing Services
Company Annual Filings in XBRL filing mode in India
12AA & 12A Registration Process
Trademark Registration / Brand Registration in the USA
Trademark Registration / Brand Registration in UK
Trademark Registration / Brand Registration in Malaysia
Strike Off Company
Payment of TDS return on purchase of property (form 26QB)
Business Advisory Services
Limited Liability Partnership Registration in Mumbai
Limited Liability Partnership
File ROC Form DPT 3 Return of Deposits
Income Tax Returns Filing
Private Limited Company Annual Filing
MCA Companies Fresh Start Scheme
LLP Annual Filing
MCA LLP Settlement Scheme 2020 (LSS 2020)
DIR 3 E KYC
ISO Certification in India
Run your operations / company in India without any liabilities
Add A Director
Accounting and Compliance Services for Start ups, Small companies, LLP and OPC (Micro Retainership Services)
Foreign Direct Investment through Automatic and Direct Route
A Quick guide to company registration in Bangalore
Apply for FSSAI license or Food license in India
Dormant Company Status Application
Trademark Registration in India
Conversion From Registered Partnership To LLP
Conversion From Registered Partnership To Private Limited Company
Change in Registered Office of LLP
Company Registration in USA
Company Registration in Malaysia
Company Registration in UK
Logo Design Services
Conversion of Private Limited Company to OPC
Opening a Branch in India by a Foreign Company
Nidhi Company Annual Filing
One Person Company (OPC) Registration in Mumbai
IEC Registration in Mumbai
Trademark Registration in Mumbai
Private Limited Company registration in Mumbai
Form GSTR 1
Maharashtra Professional Tax
Premium Retainership Services in India
MicroFinance Company registration
Conversion of Section 8 Company to Private Limited Company
DPIIT Startup Recognition certificate
RBI Form FC-GPR
Charge Registration on property
RBI Form FC-TRS
EPF Registration
PAN Application
Digital Signature
IEC Registration
TAN Application
DIN Application
GST Registration
Nidhi Company
Producer Company
Hindu Undivided Family (HUF), HUF Deed
Sole Proprietorship Firm Registration
Public Limited Company
E-Commerce Business
One Person Company (OPC)
Partnership
Indian Subsidiary
Non Profit Organization
GST Returns
CMA Report Preparation
E-Form Commencement of business certificate(form-20a)
Private Limited Company Registration
Startup Advisory Services
One Person Company (OPC)
Private Limited Company Registration
Income tax section 80g(5) registration
Company Registration Process in India for Foreigner- Know How to Open a Company in India
Secretarial Compliance Services
Search Report ROC
Revival of Struck Off Company
Trademark Watch Services
One Person Company (OPC)
Limited Liability Partnership
GSTR 9C filing by CA- GST Annual Audit due date, GSTR 9C FAQs
Tax Consultancy Services
International Trademark Registration Under Madrid Protocol
Surrender of DIN
Trademark Registration Process
LLP Registration Procedure – copy
LLP Registration Procedure – copy
Online LLP Registration and Complete Procedure
Aadhaar Udyog Online Registration
New Form INC-22A
FIND GST RATE, HSN CODE & SAC CODE
Company Registration in India
Hire Purchase
Contract Manufacturing Agreement
Web Development Agreement
Sole Selling Agreement
Underwriting Agreement
Mortgage Deed
Agreement Appointing A Common Arbitrator
Deed of Wakf-Alal-Aulad
Specific Power of Attorney
Foreign Collaboration Agreement Drafting
Joint Venture Agreement
Non- Disclosure Agreement
Franchise Agreement
Agreement to Sell Business
Vendor’s Agreement
Exclusive Distributorship Agreement
Shareholders Agreement
Consumer Complaint Letter
Power of Attorney
Company Name Change
Appointment of Auditors
Removal/Resignation of Director
GST Cancellation
GST LUT Letter of Undertaking
Conversion from Private Limited Company to Limited Liability Partnership (LLP)
Business Plan Preparation (Project Report)
Book-Keeping & Accounting
Trademark Renewal
Trademark Opposition
Trademark Rectification
Trademark Withdrawal in India
Payroll Setup & Processing
ESI Returns
PF Returns
TDS Returns Revision
Removal of Charge
Modification of Charge
MOA/AOA Printing
MOA/AOA Amendment
IEC Modification
Change of Registered Office Address
OPC to Private Limited Company
Conversion of Sole Proprietorship to OPC
Sole Proprietorship to Partnership firm
Conversion from Proprietorship to LLP
Conversion of Proprietorship to Private Limited Company
Conversion of Public Limited Company to Private Limited Company
Private Limited Company to Public Limited
Conversion of Partnership to Private Limited Company
Conversion of LLP to Private Limited Company
Conversion of Partnership to LLP (Limited Liability partnership)
Del Credere Agreement
Lease deed
TDS Returns
Strike Off OPC
Dissolution of Firms
Strike Off LLP
ESIC Registration
GST Modification
OPC Annual Filing
SSI/MSME/Udyog Aadhar Registration
Share Transfer & Transmission
Change in DIN
Add/Remove a Partner in LLP
LLP Name Change
Change in LLP Agreement
Increase in Authorized Capital
Change in Directorship
Patent Registration
Patent Search
Provisional Patent
Copyright Application
Trademark Assignment
Trademark Objections
Trademark Registration
Trademark Registration – copy
Limited Liability Partnership
Conversion into LLP