E-Invoicing linked to e-Way Bills

Q.: How is e-invoicing linked to e-way bills?

• E-Invoicing is linked to the e-Way Bill System because the IRP will distribute the e-Invoice data to the e-Way Bill Portal wherever the e-Way Bill is required. From this data, Part A of the e-Way Bill is going to be auto-generated, & you may only furnish the main points of Part B.

Q.: How is E-Invoicing linked to GST Return Filing?

E-Invoicing has been linked to the GST Return Filing in the following 2 ways:

As it is anticipated that on the implementation of the New GST return file system, the e-invoice data will automatically be shared with the GST portal in addition to the recipient of goods/services.

Recipients can use this invoice data to require action on the invoice in real-time.
Whereas the GST Portal will auto-populate the e-Invoice details in Annexure-1 of the Supplier.

Q.: Will e-Invoice also populate Part B of the e-way bill?

No, you’ll need to auto-populate Part B of the e-Way Bill manually since it contains the main points of the vehicle & the transporter.

Q.: What data does the B2C invoice QR code contain?

The B2C QR code contains a link to a URL through which the customer is navigated to the alphanumeric display that indicates the payment status of their bill/invoice.

Q.: How many QR codes are there in total?

In e-invoicing, there are a complete of two QR codes—the B2B QR codes & the B2C QR codes. Both of those contain different information and details depending on the sort of recipient—if they’re registered on unregistered.

Q.: The E-Invoicing Portal is displaying my old mobile number. How am I able to change it?

The Mail ID & Mobile Number, as provided to the GST Portal, is used by the Invoice Registration Portal. Thus, if you would like to alter it on the Invoice Registration Portal, you’ll also change it within the GST Portal first; from there, it’ll auto-update within the IRP.

 

Q.: How will E-Invoicing help the recipient of goods?

The E-Invoicing will help recipients of the products within the following way-
The New GST Return System will roll out together with the E-Invoicing system. within the New GST Return system, the Inward supply form for the recipient is termed Anx-2 which is that the replacement of GSTR-2A. But unlike GSTR-2A, Anx-2 requires some actions from the buyer’s end, and this could take it slow.

But with E-Invoicing, Suppliers Anx-1 are furnished accurately

Q.: How will E-Invoicing be beneficial for Banks in MSME Loans?

E-Invoicing will help the banks to verify the worth or worthiness of an MSME through their transactional activities. This fastens the method & makes it simple for the banks to grant loans to MSMEs.

Q.: How will e-Invoice curb Tax evasion?

E-Invoicing will curb non-payment by bringing transparency to the system. With the authentication of Invoices in real-time as soon as they’re created, on a unified portal, the method becomes way more transparent & systematic.

Such a system reduces the probabilities of bogus invoices or transactions, eventually rooting out non-payment completely, if the system is successfully implemented.

Q.: Will e-invoicing replace e-way bills?

As of now, this can’t be said that e-Invoicing can replace e-Way Bills. But within the future, the govt. may rethink keeping both the system that serve the identical purpose—non-payment. E-Invoicing works on a more basic level of invoicing, whereas e-Way Bills work as a filter later while the particular transportation of products.
So it’s going to be good to own both systems in situ.

Q.: How is e-invoicing linked to e-way bills?

• E-Invoicing is linked to the e-Way Bill System because the IRP will distribute the e-Invoice data to the e-Way Bill Portal wherever the e-Way Bill is required.
• From this data, Part-A of the e-Way Bill will auto-generate, & you may only furnish the small print of Part-B.

Q.: How is E-Invoicing linked to GST Return Filing?

• E-invoicing is linked to GST return filing in two ways.
• It is expected that on the implementation of the new GST Return file system, the e-Invoice data will automatically be shared with the GST Portal, also like the recipient of goods/services.
• Recipients can use this invoice data to require action on the invoice in real-time.
• While the GST Portal will auto-populate all the e-invoices based on the details as provided earlier.

Q.: Will e-Invoice also populate Part B of the e-Way Bill?

No, you’ll must auto-populate Part B of the e-Way Bill manually since it contains the small print of the vehicle & the Transporter.

Q.: What data does the B2C invoice QR code contain?

The B2C QR code contains a link to a URL through which the client is navigated to the display that indicates the payment status of their bill/invoice.

Q.: How many QR codes are there in total?

In e-invoicing, there are a complete of two QR codes—the B2B QR codes & the B2C QR codes. Both of those contain different information and details depending on the kind of recipient—whether or not they are registered or unregistered.

Q.: Can an overseas service provider integrate with the Invoice Registration Portal?

Yes, a far-off service provider can integrate with the IRP, but only within the shores of India.

Q.: Do I would liketo sign the JSON of the invoice before submitting it to the IRP?

It is optional to sign the JSON before submitting the file.

Q.: How to report non-tax invoices in IRP?

Non-tax invoices include all the challans and the Bill of Supplies being issued by the taxpayer. These documents needn’t be reported to the IRP.

Q.: What parameter of the e-invoice are going to be validated by the IRP?

The IRP will validate an e-Invoice for GSTIN, year, Invoice Number, Mandatory Fields, etc.

New Update:

• The new E-Invoice System will not accept four-digit Harmonized System of Nomenclature codes.
• Compulsory for the taxpayers to mention six-digit Harmonized System of Nomenclature codes for their outward supplies having an annual aggregate turnover of more than INR 5 Cr.

National Industrial Classification is releasing the e-way bill.

• Goods and Services Tax Network is pleased to inform you that National Industrial Classification is releasing the E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) on 1.06.2024.
• This portal ensures high availability & runs in parallel to the e-way Bill main GST Portal (https://ewaybillgst.gov.in). E-way bill 2 portal synchronises E-way bill details with the main Goods and Services tax portal within a few seconds