Free views, likes and subscribers at YouTube. Now!
Get Free YouTube Subscribers, Views and Likes

E-Invoicing under GST. Important point to know before starting E-Invoicing.

Follow
CA Mahesh Parmar

Link to WhatsApp channel

https://whatsapp.com/channel/0029Va4X...

How to Register for EInvoicing?

How to create API user ID and Password for EInvoicing?


The Goods and Services Tax (GST) regime has brought about a significant change in the way businesses operate in India. One such change is the implementation of einvoicing, which has simplified the invoicing process for businesses. In this video, we will discuss the concept of einvoicing under GST.

25/02/2023
Advisory on New eInvoice Portal.

GSTN has onboarded four new IRPs (Invoice Reporting Portals) for reporting einvoices in addition to NICIRP. As a result, the beta launch of a new eInvoice portal (www.einvoice.gst.gov.in), has been done where taxpayers can find comprehensive information on einvoice compliance in a userfriendly format, such as check your enablement status, selfenable themselves for invoicing, search for IRNs, web links to all IRP portals – all the relevant links/information in one convenient location. Taxpayers can log in to the new einvoice portal using their GSTN credentials for select services pertaining to their GSTIN profiles.

04/03/2023
Advisory : GSTN launches einvoice registration services with private IRPs.

In another step towards further digitization of the business process flow, GSTN has launched the einvoice registration services through multiple private IRPs at the recommendation of the GST Council. Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empaneled by GSTN for providing these einvoice registration services to all GST taxpayers of the country.
The taxpayers now have a choice of more than one IRP (earlier being the only single portal of NIC), which they can use to register their einvoices. This adds significant capacity and redundancy to the single einvoice registration portal which existed earlier.

The endtoend flow of a digitally signed einvoice between sellers and buyers by integration with the GST system will lead to ease of compliance for the taxpayers. It will also lead to facilitation of autodrafting and autopopulating of invoice details in the GST returns which would lead to increased accuracy, correctness of reporting of supplies and availing of ITC by the recipients of the supply.

Einvoicing under GST
GST einvoicing explained
Einvoicing system in GST
How to generate einvoice under GST
Einvoicing requirements under GST
Einvoice format under GST
GST einvoicing portal
Benefits of einvoicing under GST
Einvoicing compliance under GST
Einvoicing software for GST.

posted by ensagisj8