APPLICABILITY & LEGAL PROVISIONS
Who are covered :
•Taxpayers whose Turnover Aggregate Turnover > Rs. 10 Crores (Ten Crores )
•In ANY of the Financial year from 2017-18 to 21-22
What Constitutes 10 cr Turnover Limit
•All Supplies Taxable Supplies + Exempt Supplies + Export of Goods or services + Deemed supplies with distinct persons under same PAN
•Eg. A School / Hospital providing exempt services 25cr and earns Taxable Rental income of 60 lacs; They need to do e-invoice for this supply
Transactions where e-Invoice Not covered
•Supply to an Unregistered i.e., B2C,
•Exempt Supplies whether made to B2B / B2C
•Advance Receipts + Advance Adjustments
•Movement of Goods under Delivery Challan
Transactions covered under eInvoice
•Tax Invoice + CRN + DBN issued to
•B2B / B2G Exports / Supply to SEZ / Deemed Exports
Businesses Excluded from eInvoice compliance
•Insurance Co. + Banking Co./Financial Inst/NBFC
•GTA + Passenger Transportation service provider
•Admission to films in Multiplex screens
•Supply by SEZ unit (not SEZ Developer)
•Government dept./Local Authority
PROCESS & TERMINOLOGIES USED
•IRN Invoice Reference Number – 64 Digit unique number to be obtained from IRP else it will not be eInvoice
•IRP Invoice Registration Portal from eInvoice can be generatedwww.einvoice1.gst.gov.in
•QR Code: e-Invoice to contain QR code Digitally signed & issued by NIC, it Contains high level parameters of an Invoice.
•Login : If you have e-Waybill Login same will work in eInvoice else create one login.
•Generate: use offline tool , generate json and upload
•Alternative, Add an ASP/GSP/ERP to integrate and generate E-Invoice directly from your ERP.
EWAY BILL + GSTR 1 + INTEGRATION
•eWay bill can be generated automatically along with eInvoice.
•It is mandatory to generate e-Way Bill wherever applicable as per the provision of law.
•Part A will get generated Automatically with eInvoice, at the time of movement you can opt for Part B
•E-Invoice data will be auto populated in GSTR 1 till R1 is filed, modification permitted to Auto populated data before filing of GSTR 1.
WEBSITES TO KNOW
•E-Invoice Portal: https://einvoice1.gst.gov.in
TAKE CARE IN E-INVOICE
•Once eInvoice generated, you cannot modify
•Cancellation permitted with in 24hrs, once cancelled invoice number cannot be reused.
•If you are Unable to cancel within 24hrs, manually remove from GSTR 1.
•eInvoice can be done for Backdated invoices can i.e., on 8th March 22 you can do eInvoice for a Tax Invoice dated 1st Jan 22
•Print the QR Code in the Invoice, IRN printing is optional. eWay Bill is still required.
•Digital display of eInvoice is sufficient during transit, Physical printout need not be carried.
E INVOICING IN TALLY PRIME
•eInvoice option is available in Tally Prime. For any lower version/release contact your Tally Partner to help you upgrade to Tally Prime.
•Single Invoice F8 >> Create Invoice >> Save >> Generate eInvoice >>yes>>Login
•Bulk Upload Z : Exchange>>Send for EInvoice >>F5 eInvoice >> Select >> Send
Help Videos -
How to Generate e invoices in Tally Prime
Bulk E invoice Upload
E Invoice Reports -
E Invoice Cancellation
EInvoice & Eway Bill Generation
How to Resolve e-Invoicing Errors in TallyPrime
FOR DEMO / IMPLEMENTATION / SUPPORT REACHOUT - 9373443800 | 8788410661 | TALLY.INFOSOFT@GMAIL.COM
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