So, the government decided to introduce a standard format (Schema), which requires all the accounting software to follow a common format which can then be uploaded to the GST portal for authentication and validation. may have different formats, they cannot be all fetch directly to the GST system by the software.

The full version of the software allows some active hour for PC/Desktop such as e-filing, e way bill & billing work. Since the invoices created by different GST return filing software Download free trial of Gen GST software and avail taxation services for your small businesses. The process involves the submission of business invoices created by different accounting software to the GST Portal in order to get them verified in a common manner. It’s not feasible to generate e-invoices directly from the common portal.Į-invoicing or authentication is required to ensure that the invoices generated by your accounting software are valid to be used for processes like e-way bill creation and GST return filing. Need Demo of GST e-invoice Generation SoftwareĮ-invoice is not an invoice that you can download or generate through the GST Portal, but it is a process of validating all the B2B invoices electronically by the GST Network (GSTN). “CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS (CBIC) amends rules related to GST E-Invoice”.“Rule 46 of the Central Goods and Services Tax Rules, 2017”.“Section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017)”.“CBIC gives a 30-day grace period for those not yet ready for GST e-invoice”.“e-invoicing – Relaxation and latest changes”.“Clarification Regarding E-invoicing According to the Turnover”.“New update related to auto-population of an electronic invoice (e-invoice) features into GST return 1 form”.“Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs.The last date of registration is 15th Jan 2022. 17th December 2021: “The government is providing an invitation for Indian taxpayers to become IRP partners of the goods and services tax network.

2022 and it would apply from 1st April 2022.” Read PDF

25th February 2022: “GST e-invoice limit reduced from 50cr to 20cr as per notification number 01-2022 dated 24th Feb.

21st July 2022: “The sandbox testing of GST e-invoicing is enabled for businesses with turnover between Rs.

10 crores as per centre tax notification number 17/2022.” Read More

03rd August 2022: “From October 1, 2022, e-invoicing will be implemented for taxpayers whose aggregate turnover exceeds Rs.

If you are looking to generate an e-invoice under GST, this is the step-by-step guide to help you. The scheme of E-invoice was officially approved by the GST Council in the 37th Council Meeting.

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