E-Invoicing in GST is the submission of a digital invoice for goods and services on a common portal. The invoice got generated in a standard format. The approval of the e-invoice concept under the sphere of GST is helping in increasing the efficiency of the businesses and eases the compliance burden for taxpayers. <\/p>\n\n\n\n
GST Council made a decision to implement e-invoicing of bills under the GST<\/strong><\/em>[1]<\/strong><\/a><\/sup> <\/em>regime from the 1st of January 2020 and whose applicability will be to particularized categories of persons. It automates the multi-purpose reporting process<\/em> with just a single time input of all invoice details. The concept of e-invoicing is not new at the global level. In more than 100 countries<\/em>, this concept of e-invoicing in GST has got successfully implemented and is still running.\u00a0\u00a0<\/p>\n\n\n\n Under the electronic invoicing (E-invoicing) system<\/em>, all B2B invoices<\/em> got electronically uploaded as well as authenticated by the GSTN\/IRP portal<\/em> for further use. Under the E-invoicing system, an invoice<\/em> reference number<\/em> would get issued against all the invoices by IRP <\/em>(expanded as Invoice Registration<\/em> Portal<\/em>) to get managed by the GSTN<\/em>. IRP will be transferring all information related to the invoice to the GST portal as well as the e-way bill portal in real-time. A standard e-invoicing system<\/em> would eliminate the need for manual along with multiple data entry at the time of filing GST returns<\/strong><\/a>, and also it lessens the errors concerning data entry. <\/p>\n\n\n\n