E-invoicing has eliminated the need for consultants and the required changes will be done through software providers to report the E-invoice on the govt. portal. The Taxpayers can create e-invoice with the help of software providers on their accounting/billing/ERP System. We as GSTrobo can enable this facility/Changes to the ERPs.

Segments of GSTN’s E-invoice

  • E-invoice Schema: It has technical field name along-with the description of each field, and few sample values with explanatory notes.
  • Masters: It has the set of inputs fields pre-defined by GSTN like UQC, State Code, E-invoice type, supply type, etc.
  • E-invoice Template: The template is as per the GST rules and enables the reader to correlate the terms used in other sheets.

Process for E- invoice

  • E-invoice Data will be sent govt. portal and in return an IRN number will be provided.
  • IRN and QR code provided by govt. /IRP will have to be printed on the E-invoice
  • E-invoice once authenticated with Government will be shared with recipient if mail id is provided in the E-invoice
  • ANX-1, ANX-2 & PART-A of E-Way bill will be auto-populated

Modes of Generating E-invoice

  • API Based
  • Mobile Based
  • Offline Tool Based
  • GSP Based
  • Web Based

Key Features

  • Generate GST compliant E-invoices
  • Download, Print and Share invoices with your customers
  • Bulk upload/creation of Invoices
  • Create E-invoices, advance receipts, credit & debit notes, reverse charge E-invoice
  • Maintain items catalog
  • ERP Integration
  • Professional look standard E-invoices
  • Import Item Master / Bulk upload of Products & Services
  • Auto-Prepared Returns and E-way Bills from E-invoice

Benefits of E-Invoice

  • Complete inter-operability of E-Invoices across entire GST ecosystem
  • Eliminating the need of fresh Data entry
  • Reduce Data entry errors/ Accuracy
  • Cost-reduction
  • Paperless
  • Prevent Frauds
  • Real-time Tracking
  • No need for Consultants
  • Assured ITC
  • Time Saving
  • Reduce Payment Cycles
  • Help in Reconciliation

E-Invoicing FAQs

Electronic Invoice (E-invoice) is exchange of E-invoice between a supplier and a buyer in an integrated electronic form. The introduction of E-invoicing, has reduced the traditional paper- based process and chances of manual transcription errors and wrong entries. E-invoicing however is not generation of e- invoice on GST Portal, but reporting of e-invoice to automate the multi-purpose reporting with a one-time input of invoice details.

E-invoicing is mandatory for all taxpayers with a previous year’s turnover of above Rs. 100 crore from 1 April 2020.

The basic aim of e-invoicing is to reduce the submission of multiple statements and details by the tax payers and help the purchaser to get the Input tax credit easily.

 

  • B2B Invoice
  • Business to Government Invoices
  • Export Invoices
  • Reverse Charged Invoices
  • Credit Notes by the Suppliers
  • Debit Notes by the Recipient