Who must generate e invoice and its Applicability? Therefore, it eliminates the need for manual data entry while filing GSTR-1 returns and generation of part-A of the e-way bills, as the information is passed directly by the IRP to the GST portal. The National Informatics Centre launched the first IRP at .Īll invoice information gets transferred from this portal to both the GST portal and the e-way bill portal in real-time. Under the electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal (IRP), managed by the GST Network ( GSTN). The CBIC notified a set of common portals to prepare e invoice via Notification No.69/2019 – Central Tax. Thus, it automates multi-purpose reporting with a one-time input of invoice details. Later on, it has been expanded to cover mid-sized businesses and small businesses as well.Į-Invoicing does not imply the generation of invoices on the GST portal but it means submitting an already generated standard invoice on a common e invoice portal. In its 35th meeting, the GST Council decided to implement a system of e-Invoicing, covering specific categories of persons, mostly large enterprises. ‘e-Invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices and a few other documents are authenticated electronically by GSTN for further use on the common GST portal. The e-Invoicing system will get extended to those annual aggregate turnover of more than Rs.20 crore up to Rs.50 crore starting from 1st April 2022, vide notification no. The e-Invoicing system for B2B transactions has now been extended to those with an annual aggregate turnover of more than Rs.10 crore up to Rs.20 crore starting from 1st October 2022, vide notification no.
The system may get extended to businesses with a turnover of over Rs.1 crore by the end of the next fiscal year. The GST Council may implement the next phase of e-invoicing for businesses with an annual turnover of more than Rs.5 crore from 1st January 2023. Generated and registered with GSTN Lookup Portal by other IRP'.
(3) The portal has added a new error code 2295 for duplicate requests apart from 2150, with error as 'IRN is already (2) The documents dated or after shall only be considered on the portal. (1) User can select POS state code of '96-Other Country' against items where HSN codes are 99 (Services by way of transportation of goods, including by mail or courier). Few updates are made on the NIC's e-invoice portal.
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