{"id":7924,"date":"2020-08-08T23:24:32","date_gmt":"2020-08-08T17:54:32","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=7924"},"modified":"2024-11-11T22:39:08","modified_gmt":"2024-11-11T17:09:08","slug":"details-of-e-invoice-under-gst","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/","title":{"rendered":"E-invoice Process is initiated by the GSTN"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea82960d337\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea82960d337\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#What_is_an_E-invoice_Process_is_initiated_by_the_GST_Network\" title=\"What is an E-invoice Process is initiated by the GST Network?\">What is an E-invoice Process is initiated by the GST Network?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Introduction_of_e-Invoicing\" title=\"Introduction of e-Invoicing\">Introduction of e-Invoicing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Applicability_of_E-invoice_under_GST\" title=\"Applicability of E-invoice under GST\">Applicability of E-invoice under GST<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Who_will_upload_the_e-invoice\" title=\"Who will upload the e-invoice?\">Who will upload the e-invoice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#How_E-Invoice_vary_from_current_invoicing_practice\" title=\"How E-Invoice vary from current invoicing practice?\">How E-Invoice vary from current invoicing practice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Procedure_for_generating_GST_e-invoice\" title=\"Procedure for generating GST e-invoice\">Procedure for generating GST e-invoice<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Stage-1_Formation_of_an_Invoice\" title=\"Stage-1: Formation of an Invoice\">Stage-1: Formation of an Invoice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Stage-2_Generation_of_an_IRN\" title=\"Stage-2: Generation of an IRN\">Stage-2: Generation of an IRN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Stage-3_Uploading_the_Invoice\" title=\"Stage-3: Uploading the Invoice\">Stage-3: Uploading the Invoice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Stage-4_Sign_and_Authenticate\" title=\"Stage-4: Sign and Authenticate\">Stage-4: Sign and Authenticate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Stage-5_Data-sharing\" title=\"Stage-5: Data-sharing\">Stage-5: Data-sharing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#Stage-6_Download_via_e-invoice\" title=\"Stage-6: Download via e-invoice\">Stage-6: Download via e-invoice<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#To_whom_e-invoice_is_applicable\" title=\"To whom e-invoice is applicable?\">To whom e-invoice is applicable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#E-invoices_Report_for_AATO_of_%E2%82%B910_crores_or_more\" title=\"E-invoices\u00a0Report for AATO of \u20b910 crores or more \">E-invoices\u00a0Report for AATO of \u20b910 crores or more <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#In_Summary\" title=\"In Summary :\u00a0\">In Summary :\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/details-of-e-invoice-under-gst\/#GSTN_Advisory_on_enhanced_e-Invoice_initiative_Launch_of_Enhanced\" title=\"GSTN Advisory on enhanced e-Invoice initiative &amp; Launch of Enhanced\u00a0\">GSTN Advisory on enhanced e-Invoice initiative &amp; Launch of Enhanced\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/e-invoicing-under-gst-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8326\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/e-invoicing-under-gst-1.png\" alt=\"www.carajput.com;GST E-Invoice\" width=\"925\" height=\"776\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/e-invoicing-under-gst-1.png 940w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/e-invoicing-under-gst-1-300x251.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/e-invoicing-under-gst-1-768x644.png 768w\" sizes=\"(max-width: 925px) 100vw, 925px\" \/><\/a><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"What_is_an_E-invoice_Process_is_initiated_by_the_GST_Network\"><\/span><span style=\"color: #000080;\"><strong>What is an E-invoice Process is initiated by the GST Network?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>E-invoice is not a bill that you can download or create from the Official website of the GST department, but it is a system of digitally validating all B2B invoices via the <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST Network (GSTN)<\/a>. Creating e-invoices directly from the portal isn&#8217;t feasible.<\/li>\n<li>Invoices Authentication or\u00a0 <a href=\"https:\/\/carajput.com\/publications\/e-invoice-under-the-gst.pdf\">E-invoicing<\/a> is needed to ensure that the invoices created by your accounting system are valid for processes such as the creation of e-way bills and filing of GST returns. The procedure requires the submission to the GST Portal of company bills created by various accounting system to verify them in a common way.<\/li>\n<li>So the invoices generated by various <a href=\"https:\/\/carajput.com\/gst\/gst-return.php\">GST return<\/a> filing software may have various forms, the software can not all be directly generated to the GST system. The government has therefore decided to adopt a standard format (Schema), requiring all accounting software to follow a common format that can be uploaded for verification and confirmation to the GST portal.<\/li>\n<\/ul>\n<p>Note: &#8220;The roll-out of e-invoicing will be relevant to corporations with a turnover of more than 500 crs from 1 October onwards.&#8221;<\/p>\n<p><strong><a href=\"https:\/\/carajput.com\/publications\/e-invoice-under-the-gst.pdf\">Benefit of the GST E-Invoicing System<\/a>?<\/strong><\/p>\n<p><span style=\"color: #ff9900;\"><strong>A few of the key benefits of e-invoicing are as follows:<\/strong><\/span><\/p>\n<ul>\n<li>The processing and validation of B2B invoices from the common portal would ensure the automated preparation of GST ANX-1 and ANX-2 in the new format. IT also makes GSTR 1 auto ready for B2B supplies.<\/li>\n<li>E-invoicing may be further used for\u00a0providing only vehicle information for generating e-way bills.<\/li>\n<li>Invoices submitted for verification by vendors shall be exchanged directly with purchasers for reconciliation.<\/li>\n<li>The output tax directly matches the input credit liability. For Debit \/ Credit Notes, Invoices, and other qualifying documents, e-invoice can be generated.<\/li>\n<li>Debit \/ Credit Notes, Invoices, and other qualifying documents can be generated by e-invoice.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Introduction_of_e-Invoicing\"><\/span><span style=\"color: #000080;\"><b>Introduction <\/b><strong>of e-Invoicing<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>While invoices generated by each system look more or less the same, it can not be understood by the computer system while the business users can fully understand it. For example, an accounting software-generated invoice &#8220;A&#8221; can not be viewed by a system that provides accounting software &#8220;B.&#8221;<\/li>\n<li>Now there are hundreds of accounting\/billing software generating invoices and they all use their own formats to store the data. Just because of that, the <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> program is unable to read and understand these invoices whereas the invoice data remains the same.<\/li>\n<li>To shorten the long story, the same information is being presented in different invoice formats today and there is no way a system can understand that.<\/li>\n<li>Therefore, there is a need to standardize the format where an invoice&#8217;s electronic data is exchanged with others to ensure data connectivity.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Applicability_of_E-invoice_under_GST\"><\/span><a href=\"https:\/\/carajput.com\/blog\/applicability-of-e-invoice-framework-for-gst\/\">Applicability of E-invoice under GST<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>How do we implement e-invoicing?<\/strong><\/p>\n<p>Initially expected to introduce the e-invoice under <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> on April 1st, 2020. However, the new date for launching e-invoicing is 1 October 2020, as per the 39th GST Council meeting held on 14 March 2020.<\/p>\n<p>To ensure that companies have enough time to adapt to the new electronic invoicing system, the GST Council has approved the implementation of e-invoicing. To begin with, that will be implemented on a voluntary basis.<\/p>\n<ul>\n<li>It can be introduced on a voluntary (trial) basis starting 1 January 2020 * for taxpayers with a turnover of more than 500 crores.<\/li>\n<li>Those with a turnover of more than 100 crores may adopt it from February 1, 2020 (on a voluntary trial basis).<\/li>\n<li>The updated date for compulsory implementation of\u00a0e-invoicing is 1 October 2020<\/li>\n<\/ul>\n<p>*The latest e-invoicing date is revised as per the 39th meeting of the GST Council.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_will_upload_the_e-invoice\"><\/span><span style=\"color: #000080;\"><strong>Who will upload the e-invoice?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Under the e-invoice rule, the seller will electronically upload the invoice to the IRP system and collects the IRN (Invoice Reference Number) in the form of a physical copy of the invoice given to the recipient.<\/li>\n<li>The IRP program is also configured to send the digitally signed e-invoice with QR code via e-mail to both the manufacturer and the recipient.<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>Documents required to send to the <a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> system?<\/strong><\/span><\/p>\n<p>The definition of e-invoice is protected according to the following articles. This means the creator of this document has to upload it to the IRP system.<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Supplier invoice<\/li>\n<li>The Supplier credit note<\/li>\n<li>Supplier debit note<\/li>\n<li>Any other document which is required by law to be published by the document creator.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"How_E-Invoice_vary_from_current_invoicing_practice\"><\/span><span style=\"color: #000080;\"><strong>How E-Invoice vary from current invoicing practice?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>E-invoice is a system in which a unique invoice reference number (IRN) must be electronically uploaded and verified to the invoice. It will have no effect on the existing physical (printed) or electronic (ex.pdf version) invoice issuing process.<\/li>\n<li>The users will continue to see the physical or electronic (PDF \/ Excel) output of the invoices in the same way that occurred before the e-Invoice format was implemented into the program.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Procedure_for_generating_GST_e-invoice\"><\/span><span style=\"color: #000080;\"><strong>Procedure for generating <a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> e-invoice<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/How-to-Generate-e-Invoice-in-GST-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8335\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/How-to-Generate-e-Invoice-in-GST-3.jpg\" alt=\"www.carajput.com;GST E-INVOICE Flow chart\" width=\"840\" height=\"225\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/How-to-Generate-e-Invoice-in-GST-3.jpg 840w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/How-to-Generate-e-Invoice-in-GST-3-300x80.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/How-to-Generate-e-Invoice-in-GST-3-768x206.jpg 768w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><\/a><\/p>\n<ul>\n<li>It is the duty of the taxpayer or companies to produce the invoice \/ s, and then send them for approval to the <a href=\"https:\/\/carajput.com\/blog\/basic-details-of-invoice-registration-portalirp-on-gst\/\">Invoice Registration Portal (IRP)<\/a>.<\/li>\n<li>The portal will return the invoice to the manufacturer, along with a unique reference number, digital signature, and a QR code, after successful verification. The e-invoice\u00a0will also be exchanged with the corresponding buyer on the provided e-mail ID<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Stage-1_Formation_of_an_Invoice\"><\/span><span style=\"color: #ff9900;\"><strong>Stage-1: Formation of an Invoice<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>The seller\/supplier will use his \/ her accounting or billing software to create an invoice in the prescribed format (e-invoice schema). It must have the required details.<\/li>\n<li>For each B2B invoice, the supplier&#8217;s accounting program must produce a JSON. The JSON file is imported into the IRP.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Stage-2_Generation_of_an_IRN\"><\/span><span style=\"color: #ff9900;\"><strong>Stage-2: Generation of an IRN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>The next step will be to use a standard hash-generation algorithm to create a unique invoice reference number (IRN) by the vendor.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Stage-3_Uploading_the_Invoice\"><\/span><span style=\"color: #ff9900;\"><strong>Stage-3: Uploading the Invoice<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Now the seller will upload JSON to the <a href=\"https:\/\/carajput.com\/blog\/basic-details-of-invoice-registration-portalirp-on-gst\/\">Invoice Registration Portal<\/a>, either directly or via third-party software, for each of the invoices, along with IRN.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Stage-4_Sign_and_Authenticate\"><\/span><span style=\"color: #ff9900;\"><strong>Stage-4: Sign and Authenticate<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>If it&#8217;s not already uploaded by the supplier, IRP will validate the hash \/ IRN attached to JSON, or generate an IRN.<\/li>\n<li>Then, it verifies the file against<a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\"> GST&#8217;s<\/a> central registry.<\/li>\n<li>Upon successful verification, JSON will have its signature attached to the invoice and a QR code.<\/li>\n<li>The earlier created hack will become the new E-invoice IRN. The e-invoice will be the unique identifier for the whole financial year.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Stage-5_Data-sharing\"><\/span><span style=\"color: #ff9900;\"><strong>Stage-5: Data-sharing<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>The data uploaded will be shared with both the E-way bill and the GST program.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Stage-6_Download_via_e-invoice\"><\/span><span style=\"color: #ff9900;\"><strong>Stage-6: Download via e-invoice<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>The portal will forward the digitally signed JSON back to the seller along with IRN and QR code. The invoice is also sent to the customer on their registered email I d.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"To_whom_e-invoice_is_applicable\"><\/span><span style=\"color: #000080;\"><strong>To whom e-invoice is applicable?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Electronic Invoicing shall apply to all businesses whose aggregate turnover exceeds &#8220;10 Crore Rupees&#8221; in an FY\u00a0 with effect from 1 Oct 2022.<\/p>\n<ul>\n<li>The Year 2021 in Goods and Services Tax has started with a bang. below things have been made applicable from 1st January 2021 like E-Invoicing for Registered person above INR 100 Crs, Reduction of the limitations of Rule 36(4) from 10 percent to 5 percent, Introduction of restriction of 1 % in utilisation of Electronic Credit ledger, Increase in Distance limit from 100 kilometers to 200 kilometers for 1 days validity.<\/li>\n<li>Apart from the same, the Government has also extended to 28 February 2021 only 2 Months of GST Annual Return Filing, which means more stress and much more work for both Corporate India &amp;\u00a0 Professionals.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"E-invoices_Report_for_AATO_of_%E2%82%B910_crores_or_more\"><\/span><span style=\"color: #000080;\"><strong>E-invoices\u00a0<\/strong><\/span><span style=\"color: #000080;\"><strong>Report <\/strong><\/span><span style=\"color: #000080;\"><strong>for AATO of \u20b910 crores or more<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27751\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/photo_2024-11-11_22-33-55.jpg\" alt=\"E-invoices\u00a0Report for AATO of \u20b910 crores or more\" width=\"1220\" height=\"634\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/photo_2024-11-11_22-33-55.jpg 1220w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/photo_2024-11-11_22-33-55-300x156.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/photo_2024-11-11_22-33-55-1024x532.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/photo_2024-11-11_22-33-55-768x399.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/photo_2024-11-11_22-33-55-800x416.jpg 800w\" sizes=\"(max-width: 1220px) 100vw, 1220px\" \/><\/p>\n<p>This is a significant update for businesses. Starting from April 1, 2025, taxpayers with an Aggregate Annual Turnover (AATO) of \u20b910 crores or more will need to report e-invoices on the Invoice Registration Portal (IRP) within 30 days from the invoice date.<\/p>\n<p>Currently, this 30-day restriction only applies to businesses with an AATO of \u20b9100 crores or more, as per the advisory issued on September 13, 2023. This change aims to streamline compliance timelines across a broader range of businesses, ensuring prompt reporting and enhancing transparency in the GST system.<\/p>\n<p>Businesses falling in this turnover category should start preparing in advance, as the shorter reporting timeframe will necessitate efficient e-invoice generation and submission processes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"In_Summary\"><\/span><strong>In Summary :\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>To sum up, E-invoice is a standardized process or schema for the exchange of data between different manufacturers&#8217; GST billing applications.<\/li>\n<li>The basic goal behind the tax departments&#8217; adoption for the e-invoice program is the ability to pre-populate the returns and reduce the challenges of reconciliation.<\/li>\n<li>That is done through the IRP design process, which shares the invoice data with the <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> system and also with the e-way bill system. Thus, one-time invoice uploading would ensure that most of the information needed in returns are auto-populated, and also in the e-way bill.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"GSTN_Advisory_on_enhanced_e-Invoice_initiative_Launch_of_Enhanced\"><\/span><span style=\"color: #000080;\"><strong>GSTN Advisory on enhanced e-Invoice initiative &amp; Launch of Enhanced\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-26214\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/E-invoice-.jpg\" alt=\"E invoice\" width=\"976\" height=\"826\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/E-invoice-.jpg 749w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/08\/E-invoice--300x254.jpg 300w\" sizes=\"(max-width: 976px) 100vw, 976px\" \/><\/p>\n<p>Also, Read the related Blogs:<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/e-invoice-mechanism-under-the-gst\/\">E-invoice Mechanism Under GST<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/einvoices-details-are-autopopulated-in-the-respective-gstr1-tables.html\">E-invoice details are auto-populated in the respective GSTR-1<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/how-to-charge-gst-on-expenses-in-the-invoice\/\">How to charge GST on expenses in the invoice?<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/applicability-of-e-invoice-framework-for-gst\/\">Applicability of GST e-invoice Framework for GST<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is an E-invoice Process is initiated by the GST Network? E-invoice is not a bill that you can download or create from the Official website of the GST department, but it is a system of digitally validating all B2B invoices via the GST Network (GSTN). Creating e-invoices directly from the portal isn&#8217;t feasible. Invoices &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[9112,9111,9110,9114,9113],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/7924"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=7924"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/7924\/revisions"}],"predecessor-version":[{"id":27752,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/7924\/revisions\/27752"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=7924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=7924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=7924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}