GST E-invoice will apply to all businesses registered under the Goods and Services Tax (GST) system and issue Business-to-Business (B2B) invoices. This entire procedure is collectively termed as e-invoicing under the GST framework. Additionally, each invoice receives digital signatures and is equipped with a QR code. Upon successful verification, the system generates a unique Invoice Reference Number (IRN) for each invoice through the Invoice Registration Portal (IRP).

Take the first step today! Generate e-Invoice Instantly with IndiaFilings! What is GST eInvoice?Į-Invoice, also called electronic invoicing, is a system that involves the electronic submission and verification of all Business-to-Business (B2B) invoices through a designated portal. Simplify your business financial operations using IndiaFilings Accountant & Invoicing Software for effortless billing and GST e invoicing. Much like how a GST-registered business employs an e-way bill when transporting goods between locations, certain notified GST-registered businesses are likewise mandated to create GST eInvoice for Business-to-Business (B2B) transactions.Īs of the latest updates, starting from August 1, 2023, e-invoicing becomes mandatory for all registered individuals whose aggregate turnover (as per their PAN) in any preceding fiscal year from 2017-18 onwards exceeds five crores. GST e Invoice refers to electronic invoicing as defined by GST legislation. GST e Invoice: A Complete Guide for Businesses

E invoice process