Govt Opens Enrollemnt for B2B GST E-invoice Generation

The GST Council has recently shown a green flag to the e-invoicing or electronic invoicing commencement in a phased manner. The mechanism is an advanced level Business reporting model through which all the B2B invoices are directly communicated to the main GST System.

Prior to its commencement, the new e-invoicing mechanism was discussed upon by the legal authorities & ICAI and relevant suggestions were welcomed from business influentials & trade/industry bodies. The said mechanism ensures the complete inter-operability of the invoices across the entire GST eco-system. This newly introduced GST e-invoicing Get to know about the new E-invoice generation system on government GST portal with applicability. The system mandates to generate e-invoice for every sale by a registered business. Read More model is also known to diminish the need for a fresh entry in the GST system as the entire invoice data comes auto-loaded also the model reduces the reconciliation errors and facilitates uploading of invoice details direct into Return through Invoice Reporting Portal (IRP).

Accounting and Billing Software Providers have always contributed to the enhancement of the Indian Business eco-system and as a result of their continuous endeavor, it is possible to successfully implement the GST e-invoicing system Know the step by step guide related to generating e-invoice under GST along with benefits. On 37th GST Council Meeting, FM has approved the E-invoice system for traders. Read More.

In the upcoming months when the e-invoice mechanism will duly be adopted by the businesses, GSTN will communicate with these Accounting and Billing Software Providers in order to grab the important suggestions and feedback from such entities and also keep them updated with the progress and changes in the new e-invoice system.

Accounting and Billing Software Providers can Enroll Here to get regular updates. https://www.gstn.org/accounting-biling/registration.php