![]() Automation: Auto-generation of Sales and Purchase Registers (ANX-1 and ANX-2). ![]() Standardization: One time reporting on B2B invoice data in the form it is generated to reduce reporting in multiple formats (one for GSTR-1 and the other for e-way bill).The major benefits of e-Way Bill system are as follows: Only standard schema needs to be implemented by all the accounting and billing software so that it can generate JSON of each invoice in such format which can be uploaded on GST Portal for further authentication and approval. So, need was felt to issue a standard format (Schema) in which data will be shared with other systems, although from user prospective it’s same as earlier, there would not any change in print or electronically creation of invoice. E-Invoice does not mean generation /creation of invoice from central portal or tax department because practically it is not possible it will create unnecessary restrictions on trade and industry and different industry have different business requirement, which cannot be met out by software.Į-Invoice is a submission of already generated Invoices from accounting software to GST Portal and we all are aware that there are hundreds of accounting & billing software, which generate invoices, but they all use their own formats to store information electronically and data in such different-different formats cannot understand by the GST System, hence it was not possible to submit the data from accounting software to GST System. There are lots of myths or misconception about e-invoice. This document is intended for registered taxpayers under GST, who are the main stakeholders of e-invoice system under GST.Į-Invoicing is a process in which all the invoices created by accounting software will be authenticated electronically by GSTN for further use (like return preparation, E-way bill creation). This document aims to explain the operational procedure on how to use offline tool to generate the single e-invoices. It is expected that the document will also be useful for the taxpayers, tax consultants and the software companies to adopt the designed standard. This document aims to explain the operational procedure on how to use E-Invoice Form based offline tool to generate the e-invoices. Basically, through machine readability, an invoice can be uniformly interpreted. ![]() The main objective is to enable interoperability across the entire GST eco-system i.e.an e-invoice generated by one software should be capable of being read by any other software. Apart from the GST System, adoption of a standard will also ensure that an e-invoice shared by a seller with his buyer or bank or agent or any other player in the whole business eco-system can be read by machines and obviate and hence eliminate data entry errors.Į-invoicing in India will be a big move, due to the volume of business transactions undertaken every day, as well as the plethora of different, non-standardized formats used in invoice generation. This is also important for reporting the details to GST System as part of Return. The machine readability and uniform interpretation is the key objective. Having a standard is a must to ensure complete inter-operability of e-invoices across the entire GST ecosystem so that e-invoices generated by one software can be read by any other software, thereby eliminating the need of fresh data entry – which is a norm and standard expectation today. Since there was no standard for e-invoice existing in the country, standard for the same has been finalized after consultation with trade/industry bodies after keeping the draft in public place. The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System. GePP – GST e -Invoice Preparing and Printing Tool
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