Manage Required Field Invoice For Free

Further, every invoice being issued by supplier to his recipient must contain the IRN. The tax officers can verify the genuineness of the transaction using invoice reference number through the central portal as well as an offline app.

NOTE: For B2C invoices i.e. E-invoicing and B2C transactions, IRN generation is not required, as per Notification No. 14/2020. However, the government has made it mandatory for notified taxpayers (turnover over 500 crores) to display QR Codes on their B2C invoices also.

Your business name, address and contact information. the business name and address of the customer you're invoicing. a clear description of what you're charging for. the date you provided the goods or services (which is also known as the supply date)

Name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient. Name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is Rs.

A combined reading of rules 138 A (1) and 138A (2) of GST Rules, 2017 simply shows that there is no need to forward the physical copy of tax bills in a case where an e-invoice under GST has been formed by the supplier.

Step 1: Research and Choose an Accounting Software. ... Step 2: Follow Best Practices for Invoicing. ... Step 3: Follow Up on Invoices the Accounting Software Flags as Late. ... Step 4: Run Reports Regularly. ... Step 5: Use the Software to Help Determine Future Financial Strategy.

The E-invoicing Process Using a Tool Prepare invoices manually or on ERP. Enter invoice details on the tool. Prepare files using the tool. Login to the portal and upload the file. Generate IRN and download the file. Import the downloaded file to the tool and print the invoice with a QR code.