Generate E- Invoice under GST: Enterprises with more than Rs 5 crore turnover, from earlier Rs 10 crore, in any financial year will have to generate e-invoice for business-to-business (B2B ...

How to create GST e-invoice An E-invoice is an electronically raised invoice, having a common standard which helps machine readability across different software.

India Business News: NEW DELHI: GST officers are working on a system where businesses above a certain turnover threshold will have to generate 'e-invoice' on government or.

What is GST e-invoice system? It is the digital invoice for goods and services by businesses, usually generated on the government regulated (Invoice Registration Portal) IRP.

E-invoice generation method will be similar to the one being followed for e-way bill on the 'ewaybill.nic.in' portal or payment of Goods and Services Tax on the GSTN portal.

"E-invoice for B2B transactions will be rolled out in next three-four months in a phased manner. The entire invoice would have to be generated on a government portal," an official told .

While the private e-invoice portals will have to mandatorily provide free e-invoice registration service to businesses, they may be allowed to provide additional services to clients for a charge.

GSTN, in it's advisory, said that the GST portal will automatically reject the e-invoice if it is being uploaded after 30 days from the date of generation of the invoice.

With this, more suppliers would be required to raise e-invoices with effect from April 1, 2022. If the invoice is not valid, input tax credit on the same cannot be availed by the recipient beside ...

GST officers are working on a system where businesses above a certain turnover threshold will have to generate ‘e-invoice’ on government or GST portal for every sale, thereby effectively ...