GST e-invoices

GST e-Invoices

GST E-Invoicing is a tool through which electronic authentication of pre-generated GST Invoice, which is uploaded on Invoice Registration Portal (IRP), is done by the GST department. The E-Invoicing does not involve new Invoices preparation on any Government portal that generates them electronically. But it involves the old GST invoices generated by any software or other utility which businesses use to be uploaded on IRP Portal. The purpose of uploading invoices on the IRP portal is to get a report on details of Business to Business (B2B) and export invoices. Through the IRP portal upload action, invoices get a unique identification number for every invoice called Invoice Reference Number (IRN). Further, invoices get digitally signed QR codes which provides a standardized look to all invoices generated by different businesses. GST E-Invoicing is only applicable to those taxpayers’ companies with Rs.50 Crores and above aggregate turnover.