An e-invoice standard has been finalized after consultation with trade/industry bodies as well as ICAI. Adoption of this new standard ensures complete interoperability of e-invoices across the entire GST ecosystem. The new system eliminates the need for fresh data entry, reduction of reconciliation errors and population of invoice details directly into Return through Invoice Reporting Portal (IRP). For more details on ‘e-invoice’, CLICK HERE
Being key players in Indian business ecosystem, the role and support of Accounting and Billing Software Providers is crucial for successful implementation of GST e-invoice System.
In the coming months when e-invoice implementation takes place, GSTN intends to interact closely with Accounting and Billing Software Providers. This is to get suggestions and feedback as well as to keep them abreast of developments on new e-invoice framework.
Accounting and Billing Software Providers can ENROL HERE;, by providing contact and other details.
What are your views on the introduction of e-invoicing?