GST E-Invoicing in India
| GST E-Invoicing is a system where businesses must generate invoices through the GST portal or IRP (Invoice Registration Portal), ensuring real-time reporting of transactions to the government. It is mandatory for businesses with a turnover exceeding ₹10 crore. |
Key Features:
- Validates and authenticates invoices using a unique Invoice Reference Number (IRN).
- Reduces tax evasion and ensures transparency.
- Facilitates seamless integration with GST returns (GSTR-1).
- E-Invoicing streamlines the invoicing process, ensures compliance, and enhances data accuracy in the GST system.