IRP e-Invoice Registration: Objectives, Requirements, and Procedures

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Date: 29 Dec 2022


All about E-Invoice Registration on IRP

 

To create invoices under the new system, a taxpayer must create them in his own accounting software and then upload them to the government's IRP or Invoice Registration Portal. After the IRP creates a special invoice reference number, the invoice data are transferred to the GST and e-way bill portals. As a result, it eliminates the requirement for ongoing human data entry.

 

Who Should Register For E-Invoicing? 

E-invoicing commenced on October 1, 2020, for any businesses with an overall turnover of more than 500 crores rupees in any prior fiscal year from 2017–18 to 2019–20. E-invoicing was made available to companies with basic turnovers higher than Rs. 100 crore in any financial year of 2017–18 From 1st January 2021. The CBIC notified companies having annual sales of more than Rs. 50 crore on March 8th, 2021, they must begin complying with e-invoicing as of April 1st. On April 1st, 2022, companies with annual revenues of more than Rs. 20 crores must begin using this system. Businesses with a turnover of more than Rs. 10 crores were required to start complying with e-invoicing as of the first day of October 2022. Businesses with a revenue of over Rs. 5 Crore will soon be obligated to comply as of January 1, 2023. 

 

E-Invoicing will not apply to the following categories of registered persons irrespective of the turnover:

  • An insurer or banking company, or financial institution, including an NBFC

  • A registered person supplying passenger transportation services

  • A Good Transport Agency (GTA)

  • A registered person supplying services by way of admission to the exhibition of cinematographic films in multiplex services. 

  • An SEZ unit (excluded via CBIC Notification No. 61/2020 - Central Tax)

 

Where To Register For E-Invoicing? 

All GST-registered taxpayers who require IRN generation should use their GSTIN to enrol on the E-Invoice system. The taxpayer who previously registered on the e-way bill site can log in using their EWB credentials and does not need to do so again. For easy e-invoice generation and management, you can register on the IRP site, which has received government approval.

 

Steps For Registration On The E-Invoice System  

Step 1: Visit the NIC's IP portal. 

  • If a taxpayer has registered, they can check in to the e-invoice portal using the same user credentials. 

  • A taxpayer should have a registered mobile number and GSTIN with the GST system if they are not registered. After entering the URL of the e-invoice system, the screen below will open. 

 

 

Step 2: Go to the "Registration" tab. By selecting the e-invoice registration tab, which opens the e-invoice registration form, a new GSTIN can register. To submit the request, the user must enter their GSTIN and captcha code before clicking "Go." The user will be redirected to the e-invoice registration form when the request has been made. 

 

Step 3: The applicant's information, including name, trade name, address, phone number, email address, and other information recorded on the GST site, will be presented according to the registered GSTIN.

 

 

Step 4: By selecting "Send OTP," the user must confirm these details. To the registered mobile number, a One Time Password (OTP) will be provided. The user must input this OTP and click the "verify OTP" button on the registration form.

 

NOTE:

  • If a user can't remember their password, they can click "Login," then "Forgot Password," on the invoice system, where they can then enter their username, GSTIN, and cellphone number. After validation is successful, they can change the password.

  • The username, GSTIN, and mobile number must be entered on the invoice system if the user cannot remember their username after clicking "Login" and then "Forgot user name." Once the information is verified, the system will SMS a username to the registered contact number.

 

Can IRN Be Cancelled?

It should be noted that an IRN cannot be altered or deleted once generated, although it can be cancelled and regenerated in case incorrect data is uploaded with the invoice. However, this cancellation is possible within 24 hours after the generation of the IRN.

 

Busy accounting software can easily generate the e-invoice after you have successfully registered on IRP.