Earlier traditional paper-based adopters crave ways for efficient and cost-saving solutions. The e-invoicing process improves the cash flow and working capital with the automated solution on a global scale. The use of electronic invoicing software eliminates the need for manual input of invoices received via email, PDF or paper. The e-Invoicing solutions can result in savings of 60-80% as compared to traditional paper-based invoicing.The decision to exchange invoices just in an electronic format has a tremendous multiplier effect on a broad scale market adoption.
Accounts Payable data entry always seems such a routine function within the accounting department that we never invest the time to learn more. But the reality is it’s probably the functional area where the most work exists within your organization. Therefore, it’s also the area where you most need to streamline the operations.
This webinar will help you and your organization determine where you can most efficiently tie the knots that will help you gain the most effect for streamlining your work in this area.
In this live webinar, we discuss these efficiency building areas of AP Entry:
-The In’s and Out’s of Memorized and Recurring Entries
-When are Memorized or Recurring most beneficial?
-What is the difference between Report Groups and Report Formats, and how do I use each?
-Using Distribution Codes more efficiently
-Does this new Vendor I need to get into the system have to have a 1099?
-How can we store the W-9’s for the 1099 Vendors the most efficiently, and how often should we update them?
TrustFile GST is an end-to-end GST India compliance automation system for chartered accountants, tax consultants, and enterprises. Holistic and intelligent GST compliance software in the cloud. No more fearing deadlines. No more scrambling for forms.
To learn more about how Avalara can help you with GST compliance automation, contact us through https://www.avalara.com/in/products/gst-returns-filing
Webinar: 5 steps to successful invoice automationOpusCapita
Value drivers for any best-in-class AP department are tied to basics like a solid procurement policy, high quality invoice data, master data management and automation. But these are just labels which is why we want to dig deeper and examine what specifically is required for any of these elements to deliver value to your organization.
Earlier traditional paper-based adopters crave ways for efficient and cost-saving solutions. The e-invoicing process improves the cash flow and working capital with the automated solution on a global scale. The use of electronic invoicing software eliminates the need for manual input of invoices received via email, PDF or paper. The e-Invoicing solutions can result in savings of 60-80% as compared to traditional paper-based invoicing.The decision to exchange invoices just in an electronic format has a tremendous multiplier effect on a broad scale market adoption.
Accounts Payable data entry always seems such a routine function within the accounting department that we never invest the time to learn more. But the reality is it’s probably the functional area where the most work exists within your organization. Therefore, it’s also the area where you most need to streamline the operations.
This webinar will help you and your organization determine where you can most efficiently tie the knots that will help you gain the most effect for streamlining your work in this area.
In this live webinar, we discuss these efficiency building areas of AP Entry:
-The In’s and Out’s of Memorized and Recurring Entries
-When are Memorized or Recurring most beneficial?
-What is the difference between Report Groups and Report Formats, and how do I use each?
-Using Distribution Codes more efficiently
-Does this new Vendor I need to get into the system have to have a 1099?
-How can we store the W-9’s for the 1099 Vendors the most efficiently, and how often should we update them?
TrustFile GST is an end-to-end GST India compliance automation system for chartered accountants, tax consultants, and enterprises. Holistic and intelligent GST compliance software in the cloud. No more fearing deadlines. No more scrambling for forms.
To learn more about how Avalara can help you with GST compliance automation, contact us through https://www.avalara.com/in/products/gst-returns-filing
Webinar: 5 steps to successful invoice automationOpusCapita
Value drivers for any best-in-class AP department are tied to basics like a solid procurement policy, high quality invoice data, master data management and automation. But these are just labels which is why we want to dig deeper and examine what specifically is required for any of these elements to deliver value to your organization.
Implementation of Goods and Services Tax (GST), scheduled to take place beginning July 1, 2017.In the system of GST India GSP and ASP are playing bigger role .In the slide you can find what is GSP ,ASP and also other related information to GSPs and ASPs.
For your GST Compliance automation needs,
Call us today at 1800-270-2875 or
Visit us at www.avalara.com/in/
E-invoicing or ‘electronic invoicing’ is a process in which B2B invoice are authenticated electronically by GSTN for further use on the common GST portal
The e-Way bill is an electronically generated document which is required for the movement of goods of value more than INR 50000, from one location to another.
Automation of accounts payable process using AI technology,
Digital Invoice Application helps you digitize end to end processing of vendor invoices through automation, workflows with best practices. The solution enables businesses to meet critical payment and compliance deadlines, reduce the time it takes to process invoices. Streamline Accounts Payable Operations with Optimized Invoice Processing
Webinar: Shared Services - Latin America best practices for electronic invoic...Tradeshift
Latin America is known for strict regulations when it comes to e-invoicing. Watch this informative webinar to learn the top five best practices for deploying electronic invoicing in Latin America and understand:
• The latest invoicing mandates in Mexico, Brazil, Chile and Argentina
• Differences between In-Country and Cross-Border Invoices
• Supplier Collaboration best practices
• Beyond invoicing: Supply Chain Finance and Electronic Payments
Learn more about the accounts payable process & its related procedures. Find out the importance & challenges involved in accounts payable processing.
https://nanonets.com/blog/accounts-payable-process/
Australian Business Register - freedom to increase productivityReckon
This presentation was given by Mark Jackson, ATO, at the Reckon Group Conference held at the Hilton in Sydney between 21-23 August. Find out more at www.ato.gov.au
Webinar: Building your business case for e-invoicingOpusCapita
Most of us are aware of the benefits of getting rid of paper invoices. We save time, money and reduce errors.
But what elements should you take into account when you’re building a business case? And better yet, how do you sell this type of digital transformation to your internal stakeholders. Which parts of your organization need to be involved
Join our webinar to find out how to build your business case for e-invoicing and understand how to get this onto the agenda of your key stakeholders.
What does 2022 hold for AP and P2P organizations?
Financial teams are transforming into agents of change tasked with finding new ways to lead. In the current global environment, the key to future success is finding new ways to adapt, scale, and capitalize on technology.
We anticipate the changes we saw this year will continue, but don’t expect things to stop there. The most successful companies will be looking to lean into those changes and bring about even more dramatic transformation to their operations.
EASYVAT is specific software designed for Gujarat VAT. The software is exclusively designed as per the norms specified by the Gujarat Commercial Tax Department.
The software due to its user-friendly interfaces, Advanced online Tools, robustness, convenience and speed is being extensively used by Chartered Accountants (CA), Tax Advocates, Tax Consultants, Accountants, Corporates and other professionals for processing of VAT calculations, VAT Audit, VAT e-Return, CST e-Returns, VAT registration & other VAT related data for their clients and own use . It is already trusted by Thousands of users.
For more detail you van visit our website www.electrocom.in
An invoice is the primary document used to assess the levy of any tax related to the transfer of goods or services. Under the new Goods and Services Tax (GST) regime, government is implementing a new, comprehensive invoicing format that should facilitate the computation of taxes on invoiced goods or services
The Goods and Services Tax (GST) is introduced to bring a single unified tax regime for India, which will consolidate many different taxes into a single tax regime.
The intention is to bring predictability and lower operating costs for businesses because the GST will reduce the overall tax burden by reducing the impacts of cascading taxes and allow the cross-utilization of tax credits across the supply chain.
All the enterprises must gear up for a smooth deployment of GST related changes in their application landscape. Without proper technical and application environment, GST compliance will be impossible.
Customer challenges
Organizations do not necessarily have in-house expertise to cope up with the deployment and management of changes related to GST. As the government tries to streamline the process, periodic changes and report requirements (GSTR1, GSTR2, e-Way Bill, e-Invoicing etc.) are generated.
SAP is regularly delivering various notes and patches to support the technical architecture for addressing these requirements.
However, extracting the accurate data from the SAP system and then integrating it to the GSTN Portal (either with our without the help of GSP/ASP) is a huge challenge requiring substantial efforts.
The Electronic Way (e-way) bill is the new procedure introduced by the government to curb the tax evasion taking place under the current value added tax (VAT) laws. Each state presently requires various documentation like waybills, permit forms, declarations, challans, etc., for the transportation of goods. The e-way bill shall unify all these with a standard documentation procedure under the Goods and Services Tax (GST) regime.
#E invoicing w.e.f. 1st Ap'2020# By SN Panigrahi,
E - Invoicing is a form of Electronic Billing,
E-Invoice : Advantages,
E-Invoice Notifications,
Type of Documents to be Reported to GSTN System,
Critical Aspects of E-Invoicing,
Process to Generate an E-invoice under GST,
QR Code,
E-Invoice : Important Links
Workflow of E-Invoice,
Some of the Software Interface Providers
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealthAcademy Tax4wealth
E-Invoice generation is mandatory for businesses with an annual turnover of Rs 10 Cr. Read this blog about the complete guidelines on e-invoicing under GST.
For more information, visit us at:-
https://academy.tax4wealth.com/blog/e-invoicing
Implementation of Goods and Services Tax (GST), scheduled to take place beginning July 1, 2017.In the system of GST India GSP and ASP are playing bigger role .In the slide you can find what is GSP ,ASP and also other related information to GSPs and ASPs.
For your GST Compliance automation needs,
Call us today at 1800-270-2875 or
Visit us at www.avalara.com/in/
E-invoicing or ‘electronic invoicing’ is a process in which B2B invoice are authenticated electronically by GSTN for further use on the common GST portal
The e-Way bill is an electronically generated document which is required for the movement of goods of value more than INR 50000, from one location to another.
Automation of accounts payable process using AI technology,
Digital Invoice Application helps you digitize end to end processing of vendor invoices through automation, workflows with best practices. The solution enables businesses to meet critical payment and compliance deadlines, reduce the time it takes to process invoices. Streamline Accounts Payable Operations with Optimized Invoice Processing
Webinar: Shared Services - Latin America best practices for electronic invoic...Tradeshift
Latin America is known for strict regulations when it comes to e-invoicing. Watch this informative webinar to learn the top five best practices for deploying electronic invoicing in Latin America and understand:
• The latest invoicing mandates in Mexico, Brazil, Chile and Argentina
• Differences between In-Country and Cross-Border Invoices
• Supplier Collaboration best practices
• Beyond invoicing: Supply Chain Finance and Electronic Payments
Learn more about the accounts payable process & its related procedures. Find out the importance & challenges involved in accounts payable processing.
https://nanonets.com/blog/accounts-payable-process/
Australian Business Register - freedom to increase productivityReckon
This presentation was given by Mark Jackson, ATO, at the Reckon Group Conference held at the Hilton in Sydney between 21-23 August. Find out more at www.ato.gov.au
Webinar: Building your business case for e-invoicingOpusCapita
Most of us are aware of the benefits of getting rid of paper invoices. We save time, money and reduce errors.
But what elements should you take into account when you’re building a business case? And better yet, how do you sell this type of digital transformation to your internal stakeholders. Which parts of your organization need to be involved
Join our webinar to find out how to build your business case for e-invoicing and understand how to get this onto the agenda of your key stakeholders.
What does 2022 hold for AP and P2P organizations?
Financial teams are transforming into agents of change tasked with finding new ways to lead. In the current global environment, the key to future success is finding new ways to adapt, scale, and capitalize on technology.
We anticipate the changes we saw this year will continue, but don’t expect things to stop there. The most successful companies will be looking to lean into those changes and bring about even more dramatic transformation to their operations.
EASYVAT is specific software designed for Gujarat VAT. The software is exclusively designed as per the norms specified by the Gujarat Commercial Tax Department.
The software due to its user-friendly interfaces, Advanced online Tools, robustness, convenience and speed is being extensively used by Chartered Accountants (CA), Tax Advocates, Tax Consultants, Accountants, Corporates and other professionals for processing of VAT calculations, VAT Audit, VAT e-Return, CST e-Returns, VAT registration & other VAT related data for their clients and own use . It is already trusted by Thousands of users.
For more detail you van visit our website www.electrocom.in
An invoice is the primary document used to assess the levy of any tax related to the transfer of goods or services. Under the new Goods and Services Tax (GST) regime, government is implementing a new, comprehensive invoicing format that should facilitate the computation of taxes on invoiced goods or services
The Goods and Services Tax (GST) is introduced to bring a single unified tax regime for India, which will consolidate many different taxes into a single tax regime.
The intention is to bring predictability and lower operating costs for businesses because the GST will reduce the overall tax burden by reducing the impacts of cascading taxes and allow the cross-utilization of tax credits across the supply chain.
All the enterprises must gear up for a smooth deployment of GST related changes in their application landscape. Without proper technical and application environment, GST compliance will be impossible.
Customer challenges
Organizations do not necessarily have in-house expertise to cope up with the deployment and management of changes related to GST. As the government tries to streamline the process, periodic changes and report requirements (GSTR1, GSTR2, e-Way Bill, e-Invoicing etc.) are generated.
SAP is regularly delivering various notes and patches to support the technical architecture for addressing these requirements.
However, extracting the accurate data from the SAP system and then integrating it to the GSTN Portal (either with our without the help of GSP/ASP) is a huge challenge requiring substantial efforts.
The Electronic Way (e-way) bill is the new procedure introduced by the government to curb the tax evasion taking place under the current value added tax (VAT) laws. Each state presently requires various documentation like waybills, permit forms, declarations, challans, etc., for the transportation of goods. The e-way bill shall unify all these with a standard documentation procedure under the Goods and Services Tax (GST) regime.
#E invoicing w.e.f. 1st Ap'2020# By SN Panigrahi,
E - Invoicing is a form of Electronic Billing,
E-Invoice : Advantages,
E-Invoice Notifications,
Type of Documents to be Reported to GSTN System,
Critical Aspects of E-Invoicing,
Process to Generate an E-invoice under GST,
QR Code,
E-Invoice : Important Links
Workflow of E-Invoice,
Some of the Software Interface Providers
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealthAcademy Tax4wealth
E-Invoice generation is mandatory for businesses with an annual turnover of Rs 10 Cr. Read this blog about the complete guidelines on e-invoicing under GST.
For more information, visit us at:-
https://academy.tax4wealth.com/blog/e-invoicing
Webinar: Is your Manufacturing Procure2Pay ready to meet e-invoicing mandate?Sensiple Inc.,
The Indian Government has mandated e-invoicing for the 100-crore club, and this becomes a crucial requirement for Indian manufacturer to interface with the e-invoicing portal as Buyer andor Seller. The integrated P2P solution should fetch the EDI data from e-Invoicing portal, transfer mapped data into ERPs, initiate digital workflow & approvals.
E-invoice Generation | Many of the basic GST complexities that an account manager must deal with include e-invoicing and the creation of invoice reference numbers (IRN).
Read Full Article at :- https://einvoice6.gst.gov.in/content/account-managers-guide-to-effective-e-invoice-generation/
#Recent Changes in GST# By SN Panigrahi,
Essenpee Business Solutions,
E-Invoice,
E-Waybill,
Returns Filling,
20% ITC Restriction,
Changes in ERP System
SN Panigrahi
#Recent Changes in GST# By SN Panigrah
En ebook-e-invoicing-under-gst-applicability-updates-mandates-and processNiranjanaDhumal
This e-book also answers further questions such as: why e-invoicing under GST is being implemented in India? How is an e-way bill generated with the e-invoicing process? How can you benefit from a solution to seamlessly transition towards GST e-invoicing? What should you expect and need from an e-invoicing software before settling for a solution?
#GST : Updates - Recent Changes in GST & Challenges# By SN PanigrahiSN Panigrahi, PMP
#GST : Updates - Recent Changes in GST & Challenges# By SN Panigrahi,
Essenpee Business Solutions,
E-Invoice,
E-Waybill Blocking,
20% / 10% ITC Restriction,
New Alert For Tax Payers – CGST Rule 86A,
Powers of Officials to block credit under Rule 86A,
SOP for Tax Officers on Dealing with Non-Return Filers,
Non-filing of GST Returns - Attachment of Bank Accounts,
No anticipatory bail, GST violators can be arrested without FIR,
Generation and Quoting of Document Identification Number (DIN),
New Returns Filling,
Job work Provisions,
Waiver of Late Fees,
GST Grievance Redressal Committee,
Fraudsters & Defaulters Beware!,
Tax Authorities & Intelligent System Watching You,
Essenpee Business Solutions,
E-Invoice,
E-Waybill Blocking,
20% / 10% ITC Restriction,
New Alert For Tax Payers – CGST Rule 86A,
Powers of Officials to block credit under Rule 86A,
SOP for Tax Officers on Dealing with Non-Return Filers,
Non-filing of GST Returns - Attachment of Bank Accounts,
No anticipatory bail, GST violators can be arrested without FIR,
Generation and Quoting of Document Identification Number (DIN)
Are you ready for e-Invoicing?
e-Invoicing is going to be mandatory for Indian companies with turnover of more than 100 crores from January 2021. Learn how to get ready for e-Invoicing.
https://www.forceintellect.com/2020/11/17/gst-e-invoicing-erp/
You must be aware of the declaration of Union Government in the 24th GST council meeting, about the enforcement of E-waybill mechanism for all shipments having value more than ₹50,000/- from 1st February 2018. It is important that you must know the fundamentals of this electronic system of tracking movements of goods. So, here is a comprehensive E-guide on all that you must know about E-waybill.
E invoicing under GST : A broad overview of electronic invoicingMainakBanerjee21
‘E-Invoicing’ is a method in which B2B invoices are authorized electronically with GSTN. It is an additional trade on the regular GST portal. Below the automated invoicing scheme, an identification number will be allotted against each invoice by the Invoice Registration Portal (IRP). It will be ruled by the GST Network(GSTN).
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
PRECEDENT AS A SOURCE OF LAW (SAIF JAVED).pptxOmGod1
Precedent, or stare decisis, is a cornerstone of common law systems where past judicial decisions guide future cases, ensuring consistency and predictability in the legal system. Binding precedents from higher courts must be followed by lower courts, while persuasive precedents may influence but are not obligatory. This principle promotes fairness and efficiency, allowing for the evolution of the law as higher courts can overrule outdated decisions. Despite criticisms of rigidity and complexity, precedent ensures similar cases are treated alike, balancing stability with flexibility in judicial decision-making.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
2. CMA Bhogavalli
Mallikarjuna Gupta
He has over two decades of experience in areas of taxation, accounts, sales,
marketing, operations & ERP Development & Implantation. He has worked
with Oracle, Infor, Systime etc.,
He has authored various books and his articles are published in various
magazines, news papers & online portals.
He is also a regular faculty for Department of Defense, Regional Training
Institutes for CAG officials & various PSUs and corporates.
GST & Management Consultant. Currently Associated as vCFO for Safeway
Solutions Pvt Ltd & vChief Taxologist for Log Infosoft
Member of
• Grievance Redressal Committee for GST, State of Telangana
• National Council for Indirect Taxes, ASSOCHAM
• GST & Customs Committee – Federation of Telangana Chamber of
Commerce & Industry
His hobbies are running marathons, trekking, photography & writing
7. Benefits of e-invoice & Why?
Saves Cost
& time
Eco-friendly
Standardization
Real Time
Curbs Tax Evasion
e-invoicing – The Game Changer
8. Legal Provisions
Sl.No Notification No & Date Details
1 Notification No 68/2019-Central Tax ,dt. 13-12-2019 Seeks to carry out changes in the CGST Rules, 2017.
2 Notification No 69/2019-Central Tax ,dt. 13-12-2019 Seeks to notify the common portal for the purpose of e-
invoice.
3 Notification No 70/2019-Central Tax ,dt. 13-12-2019 Seeks to notify the class of registered person required to
issue e-invoice.
4 Notification No 71/2019-Central Tax ,dt. 13-12-2019 Seeks to give effect to the provisions of rule 46 of the
CGST Rules, 2017
5 Notification No 72/2019-Central Tax ,dt. 13-12-2019 Seeks to notify the class of registered person required to
issue invoice having QR Code.
6 Notification No 02/2020-Central Tax ,dt. 01-01-2020 Revised format of FORM INV – 01
7 Notification No 13/2020-Central Tax ,dt. 21-032020 Seeks to exempt certain class of registered persons from
issuing e-invoices and the date for implementation of e-
invoicing extended to 01.10.2020
e-invoicing – The Game Changer
9. Legal Provisions
Sl.No Notification No & Date Details
8 Notification No 14/2020-Central Tax , dt. 21-03-2020 Seeks to exempt certain class of registered persons
capturing dynamic QR code and the date for
implementation of QR Code to be extended to
01.10.2020
9 Notification No 60/2020 – Central Tax dt 31st July 2020 Seeks to make Ninth amendment (2020) to CGST Rules
10 Notification No 61/2020 – Central Tax dt 31st July 2020 Seeks to amend Notification no. 13/2020-Central Tax in
order to amend the class of registered persons for the
purpose of e-invoice
11 Notification No. 70/2020 – Central Tax dt 30th Sep 2020 Seeks to amend notification no. 13/2020-Central Tax
dt. 21.03.2020.
12 Notification No. 71/2020–Central Tax dt 30th Sep 2020 Seeks to amend notification 14/2020- Central Tax to
extend the date of implementation of the Dynamic QR
Code for B2C invoices till 01.12.2020.
13 Notification No. 72/2020–Central Tax dt 30th Sep 2020 Seeks amend the Central Goods and Services Tax Rules,
2017
e-invoicing – The Game Changer
10. Legal Provisions
Sl.No Notification No & Date Details
14 Notification No. 73/2020–Central Tax dt 30th Sep 2020 Seeks to notify a special procedure for taxpayers for
issuance of e-Invoices in the period 01.10.2020 -
31.10.2020.
15 Notification No. 88/2020-Central Tax dated 10.11.2020 Seeks to implement e-invoicing for the taxpayers
having aggregate turnover exceeding Rs. 100 Cr from
01st January 2021
e-invoicing – The Game Changer
11. For taxpayers
having turnover
above Rs 100
Crores
Postponed due
to lockdowns
1st April 2020
Rolled for
taxpayers having
turnover above
Rs 500 Crores
Minor
Relaxations
Provided
1st Oct 2020
For Taxpayers
having turnover
above Rs 100
Crores
1st Jan 2021
Applicable for all
B2B transactions
irrespective of
turnover
1st April 2021
e-invoicing – The Game Changer
Rollout
13. IRN IRP SSL-TSL(1.2) API Sandbox
01 02 03 04 05
Technical Aspects
e-invoicing – The Game Changer
14. 64 Characters
Unique for Each FY
Supplier
GSTIN+FY+DT+DN
A
B
C
D
E
Technical Aspects - IRN
Tax Invoice /
Debit Or Credit
Notes
Document No
Cannot Start with
/ , - or 0
e-invoicing – The Game Changer
15. Supplies for which IRN has to be issued
1
2
3 4
5
6
2. SEZ Supplies with
payment
1. B2B Supplies
4. Exports with
payment
3. SEZ Supplies
without payment
5. Exports without
payment
6. Deemed Exports
e-invoicing – The Game Changer
16. Which documents IRN has to be issued
A - Tax Invoice
A
CB C – Debit NoteB - Credit Note
e-invoicing – The Game Changer
17. 4 – Date of Invoice
3 – Invoice Number Issued by
Supplier
2 – GSTN of Customer
5 – Invoice Value
6 – Number of Invoice Lines
8 – IRN Number
1 – GSTIN of Supplier
7 – HSN Code of Main Item
QR Codes – Data Elements
e-invoicing – The Game Changer
18. Technical Aspects - APIs
1. AUTHENTICATION
2. GENERATE IRN
3. CANCEL IRN
4. GET e-INVIOCE DETAILS
5. GENERATE e-WAYBILL BY IRN
6. GET GSTIN DETAILS
7. GET IRN DETAILS
8. CANCEL E-WAYBILL
9. SYNC GSTN DETAILS FROM CP
10.GET IRN DETAILS
11.GET IRN DETAILS BY DOC
DETAILS
12.HEALTH API
e-invoicing – The Game Changer
19. 1. IRN Number
2. Acknowledgement Number
3. Acknowledgement Date
4. Signed Invoice
5. Signed QR Code
Green marketing is a practice whereby companies seek to go above and
beyond.
Technical Aspects – IRN
6. e-waybill Details
e-invoicing – The Game Changer
21. Technical Aspects - IRN
IRN Number - 11f8ef701fe294d4a14aad0b12457e62775d0fdc41a0acf05b74fbb2ddc47acb
e-invoicing – The Game Changer
22. Technical Aspects - IRN
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e-invoicing – The Game Changer
23. 01
Cost
Technical Aspects –
IRN Attributes 03
No of
Locations
04
No of Users
05
Complexity
06
Connectivity
Mandatory ,
33.83%
Optional ,
66.17%
E-INVOICE ATTRIBUTES
Sr.No Attributes Number
1 Mandatory 45
2 Optional 88
3 Total 133
e-invoice The Game Changer
24. 01
Cost
Technical Aspects –
IRN Attributes
Annexure 03
No of
Locations
04
No of Users
05
Complexity
06
Connectivity
Mandatory
36%
Optional
64%
E-INVOICE ANNEXURE
Sr.No Attributes Number
1 Mandatory 21
2 Optional 38
3 Total 59
e-invoice The Game Changer
25. 01 02
03 04
REST APIs to be used for generation of
e-invoice. Db of the Accounting/ERP is
connected directly with e-invoice portal
API Method
Jason for each invoice is created and
the uploaded to the IRP portal in a
batch mode.
Bulk Json Upload
Data is stored in a standalone folder
and APIs are used. Once IRN is
generated, same is retrieved into a
separate inbound folder from there it is
imported back to Accounting/ERP
File Transfer - SFTP
Jason file is created for each invoice
and uploaded to IRP individually
Single Json Upload
e-invoicing in GST
STEPS FOR ROLL OUT OF E-INVOICE
26. ERP ERP ERP
IRP Server
Implementation Method – API
e-invoicing – The Game Changer
28. 01
Cost
Implementation –
Points to Ponder
02
No of
Invoices
03
No of
Locations
04
No of Users
05
Complexity
06
Connectivity
e-invoicing – The Game Changer
30. 2. IMPACT ANALYSIS 4. ROLLOUT
3. IMPLEMENTTION STRATEGY1. DECODE THE PROVISIONS 5. SUPPORT
1 2 3 4 5
Implementation – Steps
e-invoicing – The Game Changer
31. Non Compliance Cost
Section 122 (1) (ii) issues any invoice or bill without supply of goods or services or both in violation of the
provisions of this Act or the rules made thereunder;
he shall be liable to pay a penalty of ten thousand rupees or an amount equivalent to the tax evaded or the
tax not deducted under section 51 or short deducted or deducted but not paid to the Government or tax not
collected under section 52 or short collected or collected but not paid to the Government or input tax credit
availed of or passed on or distributed irregularly, or the refund claimed fraudulently, whichever is higher.
Or
Section 125 - Any person, who contravenes any of the provisions of this Act or any rules made thereunder for
which no penalty is separately provided for in this Act, shall be liable to a penalty which may extend to twenty
five thousand rupees.
e-invoicing – The Game Changer
32. e-invoicing access details
Sandbox API portal for taxpayers and GSPs:
https://einv-apisandbox.nic.in
e-invoicing portal
https://einvoice1.gst.gov.in/
e-invoicing – The Game Changer
33. How to verify if your supplier is required to issue IRN
e-invoicing – The Game Changer
45. 1. I am dealing exclusively in exempted goods and my turnover is above Rs 500 crores, do I need to issue
e-invoice?
2. At the end of the month I am issuing a payment voucher for discharging my RCM liabilities, in this case
do I need to issue an e-invoice?
3. I am making supplies to Government Department, which has GST – TDS number, do I need to issue e-
invoice for such transactions?
4. I am making supplies to Government Department, which has GST – TDS number, do I need to issue e-
invoice for such transactions?
5. Do I need to update the IRN generated by IRP in my books of accounts / ERP?
e-invoice The Game Changer
Common Questions being discussed / raised
46. 6. Do I again need to generate e-waybill for the e-invoice?
7. Does my carrier carry the e-invoice copy along with e-waybill during the movement of goods?
8. Can I issue e-waybills post shipment of goods/completion of service?
9.Do I need to generate e-waybill for services also as IRP portal gives me a facility for generation of e-
waybill in case of movement of goods?
10. Do I need to generate e-invoice for moving goods from one premises to another premises in the same
state having the same GSTN
11. For how many hours I need to preserve my IRN details?
e-invoice The Game Changer
Common Questions being discussed / raised
47. 12. How do I know if my supplier has crossed Rs 500 Crores / Rs 100 crores threshold?
13. What are the safeguards I need to take to ensure that I do not miss my ITC on my purchases/inward
supplies?
e-invoice The Game Changer
Common Questions being discussed / raised
14. Do I need to make any changes for my accounting due to rollout of e-invoice?
15. Do I need to update my GSTR – 1 with the transactions for which I have issued e-invoices?
48. e-invoice The Game Changer
Change effective from 7th Dec 2020
Taxpayers who are required to issue IRN cannot generate the e-waybill directly on the e-waybill portal.
E-waybill being generated for the tax invoices which are required to have IRN will contain the QR
Code of the IRN also on the e-waybill
The system will generate IRN for the documents having a date on or later than 1st Oct 2020.
In the case of B2B and supplies to SEZ, now these transactions can be flagged for
Reverse Charge
IRN will be generated only if the recipient GSTIN is active
Where PIN codes are provided, tolerance of +/- 10% is provided
49. FAQ’s on e-invoice
GSTN has issued FAQ’s on e-invoicing. The same can be accessed
from here
Technical FAQ’s can be accessed from here
52. YOUR TITLE
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YOUR TITLE
YOUR TITLE
Private equity has
successfully attracted
the best and brightest
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My Coordinates
Mobile No + 91 99496 44633
E Mail – Mallikarjungupta@india-gst.in
LinkedIn CMA Bhogavalli Mallikarjuna Gupta