Key Components of a Valid GST Invoice in India
When doing business in India, you must send out a correct GST Invoice. Whether you are selling goods or providing services, if you are registered under GST, you must issue an invoice. An invoice serves as a record of the sale. Still, it is also necessary for tax reporting, as supporting evidence of a claim […]
What Are eInvoicing APIs for eInvoicing Solution & Why ERP Needs Them Now?
Some reports revealed that eInvoicing market reached US$ 187 Million in 2023 and expected to hit US$ 915 Million by 2032. So, businesses are adopting eInvoicing due to its numerous benefits. As of now, businesses with a turnover above ₹5 crore must follow eInvoicing rules set by the government. These rules are not just regulations. […]
Common Misconceptions About eInvoice Applicability
Businesses must ensure compliance with the latest digital invoicing regulations. The eInvoicing is all about ensuring tax compliance, minimizing instances of fraud, and ensuring a much smoother transaction process. Even though it has many benefits, a lot of businesses are still confused about its applicability. Several companies believe that eInvoicing is mandatory for every type […]
Common Mistakes to Avoid When Using an eInvoice Portal
It is a fact that the GST eInvoice Portal has become a vital tool for businesses operating in India. This is because the portal helps them ensure compliance with the Goods and Services Tax (GST) regulations while also helping keep the invoice management process smooth. The GST eInvoice Portal was introduced primarily to improve transparency, […]
Tips and Tricks to Resolve E-Invoicing Integration Errors
When it comes to eInvoicing integration, there are a few challenges and errors that can make your eInvoicing system less effective. The majority of these errors take place because of inadequate information on the eInvoicing systems and providers. Due to this, the chances of financial discrepancies and possible compliance issues can increase hindering the benefits […]
Benefits of Using an eInvoicing Portal for Businesses
In the ever-competitive and fast-paced business world, companies need to keep innovating, improving, and finding ways to streamline operations for maximum efficiency. Invoicing is one of those areas where businesses are behind and could benefit from some improvement especially to gain a competitive edge. Using an eInvoicing Portal minimizes the need for paper. It benefits […]
The Evolution of eInvoicing in India – A New Era of Reform
An electronic invoice is sent over a secure network between a buyer and a seller, digitally. These invoices provide benefits like automated processing, quicker payment processing, and safe transmission. Because it includes encrypted, machine-readable data it is regarded as an effective invoicing method. Furthermore, eInvoicing API simplifies the whole process of creating and sending invoices. […]
Multi-Factor Authentication and Updated GST Provisions for E-Way Bills
Multi-factor authentication for using the updated versions of the E-Way Bill and E-Invoice Systems will be obligatory for all the taxpayers from April 1 next year. There will also be new provisions for the e-way bill generation. Let us learn about the upcoming changes in GST provisions. Implementation Timeline for MFA Starting January 1, 2025, […]
What is Invoice Management System (IMS) under GST?
The Goods and Services Tax Network keeps introducing new features to simplify compliance under e-Invoicing. The Invoice Management System is one such feature that has been introduced recently. It aims to help significantly simplify how taxpayers manage invoices. Let us take a look the key features of the Invoice Management System and know how it […]
What is the GST e-Invoice Portal and Why is it Important for Businesses?
eInvoicing under the Goods and Services Tax (GST) regime has transformed the way businesses handle their invoicing processes. It helps businesses generate e-Invoices in a standard format to ensure compliance and minimize errors. These e-invoices are used to report business-to-business (B2B) transactions to the government. However, if want to know more, our blog will walk […]
