![]() In its 35th meeting, the GST Council decided to implement a system of e-Invoicing, covering specific categories of persons, mostly large enterprises. ‘e-Invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices and a few other documents are authenticated electronically by GSTN for further use on the common GST portal. The system may get extended to businesses with a turnover of over Rs.1 crore by the end of the next fiscal year. The GST Council may implement the next phase of e-invoicing for businesses with an annual turnover of more than Rs.5 crore from 1st January 2023. Generated and registered with GSTN Lookup Portal by other IRP'. (3) The portal has added a new error code 2295 for duplicate requests apart from 2150, with error as 'IRN is already (2) The documents dated or after shall only be considered on the portal. (1) User can select POS state code of '96-Other Country' against items where HSN codes are 99 (Services by way of transportation of goods, including by mail or courier). Further, the department is yet to announce the new implementation date.Īs per the GST Network's advisories dated 12th April 2023 and 13th April 2023, taxpayers with annual turnover equal to or more than Rs.100 crore must report tax invoices and credit-debit notes to IRP within 7 days of invoice date from 1st May 2023.įew updates are made on the NIC's e-invoice portal. The GST department has deferred the time limit of 7 days to report the old e-invoices on the e-invoice IRP portals by three months. Hence, taxpayers with ₹5 Cr+ turnover in any financial year from 2017-18 shall issue e-invoices w.e.f 1st August 2023. The iOS version will be available shortly.ĬBIC notified the 6th phase of e-invoicing. ![]() The user-friendly app will authenticate the information embedded in the QR code, which can be compared with the information printed on the e-invoice. ![]() The GSTN has launched an ‘e-Invoice QR Code Verifier’ app on Google Play Store to enable users to quickly and conveniently verify e-invoices. The NIC has made it mandatory for taxpayers with turnover more than Rs.100 Crore to login using the Two-factor Authentication from 15th July 2023 for both the e-invoicing and e-way bill systems. Do not miss exploring the Clear e-Invoicing solution! We provide the best-in-class e-invoicing solution for businesses of any scale and industry. More than 3,000 large enterprises trust the Clear e-Invoicing solution for unified e-invoicing and e-way bill compliance journey. Similarly, certain notified GST-registered businesses must generate e invoice for Business-to-Business (B2B) transactions.Ĭlear is officially GSTN-approved IRP. Just like how a GST-registered business uses an e-way bill while transporting goods from one place to another. How to Manage Customer Outstanding Using Billing Software?Į-Invoicing under GST denotes electronic invoicing defined by the GST law.GST E-Invoicing API : Who can get APIs of e-Invoices, Pre-requisites and Best Practices.Advantages and Disadvantages of E-Invoicing System Under GST.Invoice Reference Number (IRN) in e-Way bill system.Step-by-Step Process to Generate an e-Invoice and IRN.How to use Digital Signature for an e-Invoice.48th GST Council Meeting Highlights: Live Updates, Agenda, Expectations, and Latest News.e-Invoice Limit 5 Crore | GST e-Invoicing for businesses above Rs.5 crore turnover.Experience of Day One of Uploading Invoices on GSTN Portal By Cleartax.Invoice Matching Under Goods and Services Tax.Time limit to Issue Invoices, Bill of Supply, Debit Notes, Credit Notes etc under GST.Sections 206AB and 206CCA of Income Tax: Analysis, Applicability and FAQs.Which Is Better: Old vs New Tax Regime For Salaried Employees?.
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