What is an Invoice Reference Number?
What is an Invoice Reference Number? Being implemented from 1st October 2020, the e-invoice generation requirement has become mandatory for organizations crossing certain threshold limits. The requirement of generating e-invoice, and correspondingly the IRN, has been implemented in a phased manner. Vide Notification No. 17/2022, generation of e-invoice has become mandatory for taxpayers with an […]
How to Generate E-Invoice & IRN?
Goods and Services Tax Act is continually upgrading to meet the requirements of the Indian business landscape. While invoicing is subjective, GST law has mandated certain organizations for the issuance of e-invoices if they cross a certain threshold. Another important concept that revolves around e-invoices is the Invoice Reference Number (IRN). What is e-invoice and […]
E-invoicing Under GST – What is e-Invoicing?
The exponential growth of India’s startup ecosystem in the last few years has made the Government of India focus on improving the ease of doing business in the country. Improving the conditions of running a business will attract more investment and enable entrepreneurs to focus more on innovations than the process of handling business compliance […]
E-invoicing under GST – Meaning, Applicability, Process, and More
When the GST law was introduced back in 2017, there were many loopholes that the taxpayers took advantage of. As issues like fake invoicing, tax leakage, ITC frauds came to light, the GST council made necessary changes to the law and introduced e-way bills. This made it necessary for every registered person to generate an […]
E-Invoicing Registration – How to Register for E-Invoicing
E-Invoicing or Electronic Invoicing is an electronic mechanism where B2B invoices are authenticated by GSTN. Under this system, a registered person generates an invoice on his accounting software and uploads it on the Invoice Registration Portal. Then IRP issues an Invoice Reference Number and QR code against that invoice. After the issuance of IRN and QR […]
E-invoices must for businesses with over Rs 10 crore turnover a year
In India, there is a greater focus on encouraging a stronger culture of entrepreneurship and innovation. As a way towards that, the Indian government has taken a series of steps in the last few years, mainly in making business tax compliance less complicated by introducing comprehensive indirect tax system. Similarly, in the 35th GST council […]
E-invoice Bulk Generation
eAuditor’s GST E-Invoicing Software registration
GST E-Invoicing is applicable to every registered person whose aggregate turnover in any financial year, from 2017-18 to 2021-22, exceeds Rs. 10 crore. Generation of e-invoice has become mandatory in a phased manner in line with turnover thresholds. So, for your business to work seamlessly, eAuditor simplified the process of E-invoicing with a clear and […]
GST E-Invoicing API
What is an e-invoicing API? API means Application Programming Interface. APIs for GST e-invoicing work as integration between taxpayers or GSP and the e-Invoicing system to facilitate sharing of data between the taxpayers or GSP and the IRP portal. Persons Eligible for use of API As per Notification No. 17/2022 on 01st August 2022, the e-Invoicing […]
ADVANTAGES OF PRIVATE LIMITED COMPANY
Introduction: Are you someone who wants to register your business in the form of a company? Then you must have decided in which category you want to register your company. There are many types of companies that are in existence in India, and every type of company has different features, requirements, advantages, disadvantages, and the […]