What is E-Invoicing?
GSTN electronically validates B2B invoices under the "e-invoicing" or "electronic invoicing" system before being used on the public GST portal. Every invoice issued under the electronic invoicing system will receive an identification number from the GST Network-managed Invoice Registration Portal (IRP). For more information on e-way bills, you can read our
e-invoicing guide.
Who must generate an E-Invoice?
E-invoicing has already been adopted for companies with a 50 crore annual revenue; starting in April 2022, the current phase will also apply to companies with annual revenue over 20 crores. E-invoicing will be required beginning on October 1, 2022, for companies with a yearly turnover of more than 10 crores.
E-invoice will be relevant to your company if your annual turnover exceeds 10 crores, and you must electronically upload all B2B and B2G invoices to the portal. The e-invoice must be generated appropriately and uploaded to the IRP portal. The IRP portal will verify the invoice data, which will return the file with the IRN and digitally signed QR code.