Executive Summary 

With the GST e-invoicing mandate in India overlooking a government-regulated step towards digitization, there are questions pertaining to the implementation, legality, and guidelines that dictate how the e-invoicing process works.  

For instance, it’s a common misconception that e-invoicing under GST ‘generates’ invoices for the supplier. Instead, it is a platform for supplier-generated invoices to be ‘registered’ on a common unified government portal (Invoice Registration Portal). 

Therefore, taxpayers can continue to use their existing Accounting/ERP systems to create invoices and report them to the IRP to be uniquely identified with an Invoice Reference Number (IRN) hash and QR code.

Since the inception of e-invoicing under GST almost 39 crore Invoice reference numbers (IRNs) have been generated as of 31st March 2021. Reportedly, more than 36000 taxpayers with an aggregate turnover of over ₹500 Cr, and 52000 taxpayers in the ₹100 Cr - ₹500 Cr bracket are actively generating e-invoices.  

This eBook addresses the concerns directly relevant to what e-invoicing under GST is. Furthermore, it discusses the technical specifications that are mandatory for the registration of e-invoices. 

But the groundwork around the process and the solution involved, directly implies a prominent and practical explanation pertaining to its implementation. A lot of the eBook also shed light on what how can e-invoicing be seamlessly introduced into your existing business infrastructure with minimum possible changes, despite the compliance needs. 

Learn how Symtrax helped Sungrow - an industry leader in supplying clean power worldwide - incorporate an effective solution to make the e-invoicing compliance process convenient and quick. 

Some of the insights discussed in the eBook include: 

  • How does e-invoicing under GST work? 
  • GST e-invoicing applicability in terms of business sectors, zones, types of transactions, and types of documents.  
  • The complete e-invoicing process with technical and mandated specifications.   
  • E-invoicing cancellation procedure and re-processing guidelines. 
  • What information does IRN and QR code hold and why is it mandatory to have this information on your invoice.  
  • The mandates surrounding e-way bill generation and how does its implementation benefits logistics and supply chain processes. 
  • E-way bill and e-invoicing format under GST with a detailed schema depicting the mandatory fields required for the generation of IRN, QR code, and E-way bill number. 

 Additionally, this e-book also answers further questions such as why e-invoicing under GST is being implemented in India? How is e-way bill generated with the e-invoicing process? How can you benefit from a solution to seamlessly transition towards GST e-invoicing? What should you expect and need from an e-invoicing software before settling for a solution? 

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