e-Invoice

e-Invoice

As per Rule 48(4) of CGST Rules, • notified class of registered persons • to prepare invoice • by uploading specified particulars in FORM GST INV-01 • on Invoice Registration Portal (IRP) and • obtain Invoice Reference Number (IRN) After following above ‘e-invoicing’ process, the invoice copy (with QR Code containing inter alia, IRN) issued by the notified supplier to buyer is commonly referred to as ‘e-invoice’.

Visit - https://einvoice1.gst.gov.in/ & register your ID as par e-way bill id password are some 

E invoice meaning is an invoice that is issued, transmitted, received, processed and stored electronically using specific document formats. Taxpayers who have an annual aggregate turnover of above INR 100 crores in any financial year since 2017-18 have to implement the e-Invoicing mechanism mandatorily for their B2B e invoices. Furthermore, for taxpayers having turnover between INR 50-100 crores, Sandbox testing has been enabled. That means this bracket of taxpayers will also have to implement e-Invoicing soon. In this article, we will discuss about:

E-Invoicing Eligibility Check

Taxpayers can check their eligibility for e-Invoicing on the government e billing portal or through Masters India’s ‘E-invoice status of GSTIN’ tool. To check the status through the Government Portal, you can visit -  https://einvoice1-trial.nic.in/Others/EinvEnabled Here, add the GSTIN and captcha. Click on ‘Go’ to proceed. 

To check the e-Invoicing status without captcha and with a single click, you can use Masters India’s ‘E-Invoice Status Of GSTIN’ tool here - https://www.mastersindia.co/e-invoice-status-gstin/ Here, all you have to do is, add the GSTIN and click on ‘Search’.

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