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 code, all the information related to the invoice is transferred to the main GST portal and the e-way bill portal.
To generate e-invoices, it is necessary for the taxpayer to register himself on the Invoice Registration Portal. If the taxpayer is already registered on the e-way bill portal, he can use the same credentials to log in to the e-invoice portal. However, if the taxpayer is not already registered on the e-way bill portal then he can register himself on the e-invoice portal by using his GSTIN and mobile number.
Who is eligible to be registered on the e-invoicing portal?
GST E-Invoicing is applicable to every registered person whose aggregate turnover in any financial year, from 2017-18 to 2021-22, exceeds Rs. 20 crore. Generation of e-invoice has become mandatory from 1st April 2022. In that case all registered persons who are mandated to be registered under GST as per law, should be registered on the IRP.
However, e-invoicing is not applicable for the following category of registered persons:
- A banking company or Financial Institution (including NBFC) or any insurer
- Goods transporting Agency
- Person supplying passenger transportation services
- Person supplying services of admission to the exhibition of cinematographic film on multiplex screens
- SEZ unit or developer
Step By Step Process to Register on E-Invoicing
A Registered person shall follow the process given below in order to register himself on the e-invoice portal for the generation of e-invoices:
Step 1: Visit the IRP portal and log in with the taxpayer’s credentials
Step 2: Click on the “Registration” tab and go to “e-invoice registration.”
Step 3: An Dialog box where the taxpayer needs to enter his GSTIN and captcha code will be displayed on the screen.
Step 4: After entering the above details, click on “Go” to submit the request.
Step 5: Once the request is submitted, the portal will redirect the taxpayer to the e-invoice registration form.
Step 6: The taxpayer’s details like name, trade name, address, mobile number, email as per the registered GSTIN will appear on the portal.
Step 7: Now the user needs to verify those details by clicking on the “Send OTP” button. An OTP will be sent to the tax payer’s registered mobile number.
Step 8: Enter the OTP on the specified box and click on “Verify OTP”
Step 9: Once the details are verified, the portal will ask the taxpayer to enter the username and password of own choice.
Step 10: When all the requirements are done, the taxpayer would get successfully registered on the IRP. The Tax payer can use the credentials to log in to his account on the e-invoice portal.
