Looking for a business loan
Thank you for your interest, our team will get back to you shortly
Thank you for your response
Thank you for your response
Our representative will get in touch with you shortly.
One-click communication
Send einvoices to all your customers over email
Always on
99.99% uptime with multi-GSP redundancies in place
Data import
API, SFTP with any ERP, standard govt template, custom mapper
E-invoicing was implemented in India with the purpose to reduce tax evasion. E-invoicing facilitates real-time data availability with the tax officials and authentication of invoices by Invoice Registration Portal before carrying out a transaction. This reduces the scope of fake invoices, and thus only genuine Input Tax Credits can be claimed by the taxpayers. So, buyers must check if their suppliers are e-invoicing compliant.
26th December 2022
The CBIC has clarified that there is no proposal before the GST Council and no plans of the government to implement the next phase of e-invoicing for those businesses with turnover over Rs.5 crore from 1st January 2023.
11th October 2022
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. The system may get extended to businesses with a turnover of over Rs.1 crore by the end of the next fiscal year.
1st August 2022
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. 17/2022.
E-invoicing was implemented in a phased manner in India. It was made applicable to all businesses with turnover greater than Rs. 500 crore from 1st October 2020. Later it was made applicable to businesses with turnover greater than Rs. 100 crore from 1st January 2021.
e-invoicing then became applicable to all businesses with turnover greater than Rs.50 crore in any of the financial years from FY 2017-2018 from 1st April 2021 except a few categories of taxpayers who are exempt from e-invoicing vide notification No. 13/2020- Central Tax. Any person, whether or not registered under GST, can use a facility on an e-invoice portal where a list of GSTINs generating IRNs are hosted and updated regularly.
Currently, it applies to those with a turnover limit of more than Rs.20 crore since 1st April 2022. From 1st October 2022, it shall apply to those with a turnover limit of Rs.10 crore.
A taxpayer shall follow the steps mentioned below to go to this link:
Step 1: Visit the e-invoice portal.
Step 2: Go to the search tab and select “GSTINs generating IRN”.
‘GSTINs generating IRN’ page will be displayed.
Click on the ‘Download’ button for one to download the excel file from here.
Also, this list keeps on updating, so one can refer to the last updated date before downloading the file. This list will help the taxpayer to find out if a particular GSTIN is listed or not for generating IRN.
Here is a direct link: https://einvoice1.gst.gov.in/Others/GSTINsGeneratingIRN
A taxpayer shall ensure the applicability of e-invoicing to its vendors. He can search the status of e-invoice enablement on the e-invoice portal at https://einvoice1.gst.gov.in/Others/EinvEnabled.
A taxpayer shall follow the below steps:
Step 1: Visit the e-invoice portal.
Step 2: Go to the search tab and select “e-invoice status of taxpayer”.
Step 3: Enter the GSTIN and the captcha code. Click Go.
This status is based on the turnover reported by a GSTIN in its GSTR-3B. However, it should be noted that the enablement status on the e-invoice portal doesn’t mean e-invoicing is applicable to a particular taxpayer. If a particular category of the taxpayer is exempt from e-invoicing, then the e-invoicing enablement status can be ignored.
ITC is ineligible in the hands of the recipient if a proper e-invoice is not issued by its vendor to whom e-invoice is applicable. So, it is very important for a taxpayer to check whether the vendor is compliant with e-invoicing norms. He can check the below fields in the e-invoice to ensure compliance-