Generate e- invoices without any problems with Cevious technologies. A complete e- invoices solution
E invoicing is compulsory from 1 October 2020 for taxpayers with an annual turnover higher than Rs. 500 crore.
From January 1, 2021, it become mandatory for taxpayers with annual turnover higher than Rs 100 crore and from 1 April 2021, it will be mandatory for all taxpayers of all B2B transactions. (According to official sources)
What is E Invoice?
Electronic invoicing is the process of uploading all your B2B transactions (sales, credit notes, and debit notes made to companies, including all types of exports) in the IRP (invoice registration portal) for authentication purposes.
After authentication, IRP will issue a unique IRN (invoice reference number) for each invoice. This IRN needs to be converted into a QR code along with other invoice information and printed on the face of the invoice to be considered valid. An e-invoice, or electronic invoice, is a digital document that is exchanged between a supplier and a buyer and is validated by the government’s fiscal portal.
E-Invoice replace manual functions with automatic business rules and functions to increase operational values,
reduce errors, and help companies adhere to the rules of electronic documents.
How E-Invoice works?
Features and benefits
secure data transfer
Exchange safe invoice data between ERP and your invoice registration portal (IRP) in the format recommended by GSTN.
Provides the details of the IRN, QR code, and e-way back to ERP
Easy to install
Ensures fast installation, ease of use, and maintenance.
Providing extensive validation checks to ensure data integrity
Ensures the automatic generation and easy cancellation of the electronic invoice and the e-way invoice.