FAQ on E-Invoicing under GST
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FAQ on E-Invoicing under GST
Q.: What is E-Invoicing under GST?
E-Invoicing under GST is that the process of validating the B2B, export Invoices online, on a unified portal & giving a novel IRN & QR code to the said authenticated Invoice.
Q.: When will the E-Invoicing system be implemented?
The implementation of the E-Invoicing System was extended within the 39th GST Council Meeting, to 1st October 2020.
Q.: How do I make E-Invoices?
E-Invoices are generated when B2B and export invoices are validated on the IRP & are sanctioned with a singular IRN & QR Code.
Q.: Who should make E-Invoices?
E-Invoices are mandatory for all the companies having an annual aggregate turnover of Rs. 5 Crore & more. Additionally, all Businesses with a turnover of Rs. 5 Crore must generate QR Codes for his or her B2C Invoices.
Q.: Do I want to come up with my Invoices on a Government portal?
No, the Taxpayer must generate their Invoices normally in their ERP or Billing Systems. These invoices further must be authenticated by uploading them on a unified Government Portal- the IRP.
Q.: What portal is to be accustomed generate the E-Invoice?
A unified GST Portal has been provided by the Government of India, known as the Invoice Registration Portal or the IRP for authentication of Invoices.
Q.: What is the aim of the E-Invoice?
E-Invoicing is actually a government initiative to curb the evasion of taxes through fake Invoices & E-Way Bills. But as an extra benefit, e-Invoice also makes the GSTR Filing process and E-way bill generation simple & online.
Q.: What documents must be reported to the IRP?
Apart from the B2B invoices, other filings in respect of credit notes, debit notes, export invoices & B2B reverse charge invoices are also required to be reported to the IRP & IRP shall generate IRNs for these documents additionally.
Q.: What is IRP, IRN & QR Codes?
The IRP- Invoice Registration Portal is that the unified portal for Invoice registration. The IRN- Invoice Registration Number- The unique 64 recommendation number given to every Invoice post-authentication. The QR code- Quick reference code, it’s the essential details of the Invoice.
Q.: Are QR Codes mandatory for all Invoices?
All eligible Businesses tend to urge QR codes mandatorily on E-Invoicing of their B2B Invoices, and Businesses with an annual turnover of Rs. 500 Crores also get QR codes for his or her B2C Invoices.
Q.: what are the expected mandatory E-Invoice limit?
All eligible Businesses having an annual turnover of INR 1 Crore are also required to include QR codes on their B2C invoices, and other eligible businesses are recommended to do so.
Q.: How do I register on the IRP?
Initially, the user shall use their e-Way Bill Credentials for logging in to the IRP. If the user doesn’t have their e-Way Bill credentials, they’ll register on to the IRP by entering their GSTIN, post which the user will receive an OTP to their registered number. The user can then create a username & password.
Q.: What do I do if my E-Invoice has been rejected?
Invoices are rejected just in case they need incorrect values or if any mandatory fields are missing within the e-Invoice. AN invoice shall be even be rejected if the invoice number is repeated i.e., duplicate invoice number is found in e-Invoice payload. The user is advised to recheck all the required and mandatory fields & recheck the entered values & submit the Invoice to the IRP again.
Q.: What has to be done if the IRP lags because of high volume?
The GSTN has considered the chance of the buffer & hence has created 10 IRPs for users to avoid the over trafficking & lagging of internet sites.
Q.: Will the e-Way Bill be auto-generated after e-Invoice creation?
The Part-1 of the e-Way Bill will be auto-populated with the help of the Invoice data generated on the IRP. The user, however, would should fill the Part-2 of the e-Way Bill manually.
Q.: Will the GSTR filing be automated after the implementation of E-Invoicing?
No, the taxpayer must file their own GST returns as before, but after the implementation of e-Invoices, the information for filing the Returns shall be auto-populated within the variety of Annexure-1.
Q.: What is SCHEMA format of e-Invoices?
The SCHEMA could be a format of e-Invoices specified by the GSTN. All the e-Invoices shall be generated within the given format, the mandatory & non-mandatory fields are decided by the GSTN. The details of the e-Invoices shall be filled in the mandatory fields to avoid the rejection of e-Invoices. However, the non-mandatory fields are for the users to settle on from & are optional.
Q.: How to print an E-Invoice?
First, the user is required to log-in to the IRP, & then search for the ‘Print’ option, as provided on the left side of the dashboard. The user then has to enter the IRN of the e-Invoice they want to print, then click on ‘Go’.
Q.: I am unable to register on the IRP, the error is- you’realready registered, what do I do?
It can be made out that the User is either already in receipt of the Credentials for IRP, or is already registered on the e-Way Bill Portal. just in case the user has forgotten the password or User ID, the identical are often reset from the house page, using their GSTIN & OTP.
Q.: Can I generate 2 IRNs for an e-Invoice?
IRN may be a unique number to spot the e-Invoice hence, no two invoices can have the identical IRN.
Q.: What is a reverse charge under E-Invoicing?
Reverse Charge Mechanism states that under certain cases of categorized goods the liabilities fall over the customer rather than the Supplier.
Q.: For how long shall the e-Invoice be available on the IRP?
Post-generation, the e-Invoices are available on the IRP for twenty-four hours only.
Q.: Are there any pre-requisites for generating IRNs?
The Businesses must be registered to the GST Portal & the e-Invoice or e-Way Bill Portal so as to come up with the IRN for his or her Invoices.
Q.: Is the discount feature available on the IRP?
Yes, the discounting feature is obtainable on the IRP, for item-level in addition as on Invoice value.
Q.: Can an E-Invoice be modified?
E-Invoice once generated cannot be modified. The user must cancel the e-Invoice & create a fresh e-Invoice with the proper input, within 24 hours of generation.
Q.: How to Bulk generate e-Invoices?
The bulk generation facility is provided by the IRP. The user has to log in to the IRP & click on ‘Bulk Upload’ under the pinnacle ‘e-Invoice’. Create a JSON go in the format given by the IRP & enter the mandatory details of the Invoices, then click on ‘upload’. As an output, the IRP gives the list of e-Invoices or errors if any.
Q.: Is there a facility to integrate the Billing system & the IRP?
The IRP are often integrated with ERPs through GSPs & APIs, like RJA. Post-integration the user will be eligible to perform all the available e-Invoice operations using their ERPs.
Q.: What is the Role of e-Invoice in reconciliation?
E-Invoicing makes Reconciliation, automated, transparent & thorough. The Taxpayers are in no way, be able to hide any transactions, once the e-Invoices were implemented. All Invoices shall be reported to the IRP & the identical data shall be wont to File the GST Returns. this could eliminate the possibilities of missing or wrong reporting of invoices.
Q.: What is the Role of e-Invoices in Compliance?
e-Invoices are visiting play a significant role within the context of GST Compliance. Basically, E-Invoicing will make Compliance simpler & better for Businesses, since the information for GSTR filing moreover as e-Way Bills shall be auto-populated, reducing work for Businesses. e-Invoices will in some way, make the process of claiming ITC much simpler & more accurate.
Q.: How does e-Invoice help in ITC claiming?
E-Invoicing is that the real-time uploading of all the Invoices of all Business Transactions. Meaning no fake, wrong or hidden Invoices, this shall make sure that only accurate & genuine ITC is being claimed by a taxpayer.
Q.: My e-Invoice is rejected what should I do?
The e-Invoice usually gets rejected because of a blunder within the SCHEMA format. Check if you’ve got filled all the mandatory fields within the correct format & try re-uploading the invoice.
Q.: I have created an e-Invoice but the client is refusing the take the products, he needs it at a later date. am I able to use the identical-Invoice?
No, you’ve got to cancel that e-Invoice & recreate one for the later date.
Q.: We are an Export Company & all our clients are overseas do I’ve gotto report these Invoices to the IRP?
Yes, all export invoices must be reported to the IRP.
Q.: For how long will my e-Invoice data be available on the IRP?
The E-Invoicing data shall be available on the IRP for twenty-four hours from the time of generation.
Q.: Can I only use the IRP to report my invoices?
No, there are some ways to report your e-Invoices on the IRP, a number of them are-
- APIs
- SMS
- Mobile App
- Offline Utility tools
- Through GSPs
Q.: We are a pharmaceuticals company. Is there a special format for us in E-Invoicing for invoice creation?
No, there’s just one format SCHEMA for all Invoices within the new E-Invoicing system all the invoices shall be generated within the same format.
Q.: Is there an example of what’s going to the e-Invoice format look like?
Yes, the format will appear as if this- FORMAT
Q.: Will the IRP also validate the customer’s GSTIN?
Yes, the IRP will automatically authenticate the Invoice with the help of validation of the GSTIN of the Recipient.