What is GST E-invoicing?
GST e-invoicing is the process of registering the invoice generated from any ERP system with IRP (Invoice Registration Portal) to have unique Invoice Reference Number (IRN) assigned to that particular invoice. This will eliminate the need for manual data entry while filing ANX-1/GST returns as well as generation of part-A of the e-way bills, as the information is passed directly by the IRP to GST portal.
For whom this is mandatory?
| Businesses Turnover | Voluntary & Trial Basis Start From | Mandatory for Them From |
|---|---|---|
| Rs 500 Crore or More | 7th January 2020 | 1st October 2020* |
| Rs 100 Crore or More | 1st February 2020 | Yet to be announced* |
* In 39th GST Council Meeting held on 14th March 2020, the applicability date has been extended from the original applicability date of 1st April 2020
What RAMSUN Network offers?
RAMSUN Network provides complete end-to-end solution for managing the Invoice Reference Number (IRN) related compliances for users. It provides readily Integrable solution for leading ERP systems (such as SAP, Oracle, Tally, Zoho, Quickbooks etc.) ensuring a seamless and smooth transition with minimum changes to current processes, thus increases the overall efficiency for the business to comply the e-invoice, E-way bill and GST filing requirements.