These are the myths of E-Invoicing under GST. EaseMyGST a comprehensive GST Filing software reveals these myths abut e invoicing. Know more visit - https://www.easemygst.com/request-a-demo/

1. E-INVOICE IS REQUIRED FOR
EVERY ONE
E-Invoice is required by every taxpayer whose aggregate income
exceeds INR 100 Crs in the preceding financial year.
However, so far, the banking sector, insurance companies,
airlines, armed forces, and telecom companies are exempt from
the E-Invoicing requirement.
Myths of E-Invoicing
WITH E-INVOICE THERE IS NO
REQUIREMENT OF EWB
Every E-Invoice which meets the basic requirements of EWB will be
eligible for E-Way Bill generation. Part A of EWB will be generated
along with E-Invoice.
E-INVOICE IS REQUIRED FOR ALL
TRANSACTIONS
E-Invoice is required for B2B, B2G, Exports, E-commerce and
Reverse charge transactions only
E-INVOICE WILL BE GENERATED ON
THE GSTN. PORTAL
E-Invoice will be generated on IRP Portal which will be transferred
to the GSTN portal post 24 hours of invoice generation.
E-INVOICE CAN BE ISSUED TO
THE BUYER WITHOUT IRN
Any Invoice on which E-Invoicing is applicable will be treated as
invalid if found without an IRN No. Hence an E-Invoice cannot be
issued without a valid IRN No.
E-INVOICE CAN BE AMENDED ON
THE IRP PORTAL
E-Invoice cannot be amended on IRP Portal. The same can be
amended only on GSTN Portal.
E-INVOICE CAN BE CANCELLED
PARTIALLY
Partial cancellation of E-Invoice is not allowed. It has to be
cancelled completely.
DIGITAL SIGN. TO BE DONE BY THE
SUPPLIER
E-Invoice will be digitally signed by the IRP after it has been validated.
Once registered it will not be required to be signed by anyone
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