Accounting and Billing Software Providers can enrol with GSTN to receive regular updates on e-invoice
The
Goods and Services Tax Act, 2017 came into force with effect from 1.7.2017 in India
The
GST Council has approved introduction of e-invoicing or electronic invoicing
with effect from 1.4.2020 and the Central Government has issued a message in
GST Portal on 04/02/2020 as shown below:
The
GST Council has approved introduction of ‘e-invoicing’ or ‘electronic
invoicing’ in a phased manner for reporting of Business to Business (B2B)
invoices to GST System.
An
e-invoice standard has been finalized after consultation with trade/industry
bodies as well as ICAI. Adoption of this new standard ensures complete
inter-operability of e-invoices across the entire GST eco-system. 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 eco-system, 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.