Contact Intact IT Info
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4/2879, Mumbaiwad , Near Trambkeshwar Mahadev Mandir, Surat-395003.
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+91 94274-73390
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info@intactitinfo.com
e-Invoice is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal (IRP) to be managed by the GST Network (GSTN).
It will also reduce input tax credit verification issues. Better management and automation of the tax-filing process. Reduction in the number of frauds as the tax authorities will also have access to data in real-time. Elimination of fake GST invoices getting generated.
An e-invoice is an electronically delivered invoice in a specified standardized format. E-invoices contain invoice data in a structured form and can be automatically imported into the buying organization's accounts payable system. They typically include a visual presentation of the invoice data.
The e-invoice system being implemented by tax departments across the globe consists of two important parts namely.
Multiple modes made available so as to facilitate taxpayer to use any of the following based on his/her need.