The Best e-invoicing software for creating professional GST
e invoices

There is no eligibility for businesses to generate e-invoices. Any legal business with a valid GST number can generate an e-invoice for the sale that happens.

From August 1, 2023, as per 6th phase of e-invoicing mandatory implementation, e-invoicing is mandatory for businesses whose aggregate turnover (all types of sales) cumulatively for a PAN exceeds Rs. 5 crore in any of the financial years from FY17-18.

• - Real-time tracking of tax-compliant invoices between Seller, Buyer, and Govt. authorities using unique identifiers like IRN and QR Code

  - Faster Input Tax Credit through a seamless flow of ITC from a seller to a buyer

  - One-time reporting and Auto-population to GSTR-1 and e-way bill

  - Continue to provide required disclosures, you can have your own invoice format proving flexibility

  - Reduction of manual mistakes by real-time GST portal validation

  - Reduce frauds & manipulations (as immediate reporting to Govt) curbing Tax evasion

  - Part of Go Green / Digital India initiatives towards paperless offices

The Invoice Registration Portal (IRP) is the gateway to which the invoices will be pushed for validating and generating the unique IRN and QR code by connecting directly with the GST portal.

The Invoice Registration Number (IRN) is the unique e-invoice number generated from the IRN portal and has to be printed on the e invoice given to the buyer.

If invalid information is submitted to the IRP portal, it verifies the details against the GST portal, declines the request, and doesn't generate an IRN or QR code.

Tax Filing Application (TFA) is Gofrugal's e-invoicing solution, which connects our POS/Accounting ERP and the Government's e-invoicing portal to automate the e-invoicing process for every transaction that happens.

e-invoicing is the latest technology to ease the GST filing process for faster input tax credit and generate valid invoices, which automatically reflect in the GSTR-1 of the seller. E-way bill is the bill generated for transporting the goods from supplier to buyer, which is mandatory for transporting goods worth more than Rs. 50,000.

The buyer's Place of Supply (POS) in the e-invoice is the buyer's location code where the goods are to be delivered. In the e-invoice, it is mentioned as "Place of Supply" (POS), whereas in GSTR-1 it will be mentioned as "Place_of_Supply_State_Code." While auto-populating e-invoice details in the GST portal, if the Place of Supply (POS) is updated correctly, it will be mapped automatically in GSTR-1.

Currently, the GST e-invoice limit is set to 10 crores. However, the threshold for e-invoices' minimum annual turnover has been lowered to 5 crores. There is currently no proposal before the government to lower this threshold limit to Rs 5 crore with effect from 01.01.2023, as no such recommendation has yet been made by the Goods and Service Tax Council.

Once the invoice is uploaded to the Invoice Registration Portal (IRP), the invoice details will be verified with the GST portal, and an e-invoice will be generated immediately with the Invoice Registration Number (IRN) and QR Code.

No, for e-invoices, a signature is not required as the invoices are immediately validated in the e-invoicing portal with the GST data. Also, as part of authentication and verification, an Invoice Registration Number (IRN) and QR code are affixed to the e-invoice.

Yes, e-invoices can be generated in bulk from Gofrugal ERP, which has integrated e-invoicing solutions. Also, Gofrugal helps businesses reduce the bulk conversion of invoices to e-invoices by converting all the invoices directly to e-invoices on the billing screen itself, eliminating the steps of downloading from ERP and uploading in the e-invoice portal.

After uploading the invoice in the E-Invoice portal, if the Invoice Registration Number (IRN) and QR code is generated, it confirms that the E-invoice is generated.

After uploading the invoice into the e-invoice portal, if the Invoice Registration Number (IRN) and QR code are generated, it confirms that the e-invoice is generated.

If the invoice uploaded in the e-invoice portal has invalid or wrong information, the e-invoice portal will reject the generation of IRP and QR code and those invoices will be moved to failed tab, which can be rectified and uploaded again to the IRP portal and E-Invoice can be generated.

The GST Department has provided an e-invoice QR code verification app, wherein the QR code can be scanned using the "Verify QR code" option to display the GST e-invoice details stored in that QR code. The signed JSON can also be uploaded in the same app using the "Verify signed e-invoice" option to verify its authenticity.

In the manual method, if the data in the bill is incorrect and is uploaded in the IRP as a JSON file, it will be rejected immediately, mentioning the exact reason why it was rejected. Then, we need to rectify it, convert it to a JSON file, and upload it again in the IRP. But with Gofrugal's e-invoicing software, the Tax Filing Portal application directly shows the reason for rejection. If we rectify it in the ERP, we can push it back to the IRP in a single click without the effort of exporting and importing data between the two.

Yes, Gofrugal ERP's e-invoicing software completely eradicates the need for JSON files by directly uploading the bills that are made in ERP to the e-invoice portal and generating the IRN and QR code. It can even be done in bulk directly from the e-invoicing software (Tax Filing Application).

Gofrugal's e-invoicing software can generate e-invoices effortlessly with no additional processing. It's developed with the goal of easing out the user's tax compliance journey with regular tax updates and future proof for tax amendment. Gofrugal provides the best user experience to the customers of any business vertical to simplify and reduce manual efforts and errors in their day-to-day journey by making them experience simplicity. This makes Gofrugal ERP the best e-invoice software.