e-Invoicing is a system of generating and uploading electronic invoices for business-to-business (B2B) transactions under the Goods and Services Tax (GST) regime in India. The invoices are uploaded on the Invoice Registration Portal (IRP), which is a government-mandated portal.
The e-invoicing system was introduced in India with the aim of improving the efficiency of GST compliance and reducing tax evasion. It also helps to streamline the flow of information between businesses and the government.
When a business generates an invoice, it is uploaded on the IRP. The IRP validates the invoice and generates a unique Invoice Reference Number (IRN). The IRN is printed on the invoice and is also available on the IRP.
The recipient of the invoice can verify the invoice on the IRP by entering the IRN. The IRP will show the details of the invoice, including the date of generation, the amount, and the tax details.
|Businesses with a turnover of more than
|Date for Mandatory implementation of e-invoice
|1st October 2020
|1st January 2021
|1st April 2021
|1st April 2022
|1st October 2022
How Tally Education helps you to understand e-Invoicing?
Tally Education has taken every step towards skilling and upskilling the learners and enabling them to confidently take up desired job opportunities.
For a smooth career in Commerce or Finance industry, these Certifications will undoubtedly improve your learning and employability and help you become adept in the field of computerized accounting and excel at working with Tally.
TallyEssential and TallyProfessional are the on-demand Certification courses that explains the concepts ranging from fundamental to advanced financial accounting. This will guide you how to perform basic to intermediate accounting, inventory, and basic taxation (GST, TDS), as well as how to simplify company books of accounts, to name a few.
The recent changes to the e-Invoicing rules have been duly incorporated into the curriculum to provide comprehensive concept clarity and guidance with the practical implications of the same.
If you want to pursue a bright career as an accountant or become a GST practitioner, this course will help you navigate through.
Tally Education strives to positively impact the lives of “Learners” by increasing employability and accelerating professional careers.