E-invoicing under New GST Return - What is GST e-Invoice Management?

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‘E-invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal.

Under the proposed electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal (IRP) to be managed by the GST Network(GSTN).

All invoice information will be transferred from this portal to both the GST portal and e-way bill portal in real-time.

Know more about GST E-Invoice update here

[DR.MARIAPPAN GOVINDARAJAN]

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AI Summary

E-invoicing authentication assigns unique invoice identification and enables real-time transfer to GST returns and e-way systems. E-invoicing requires suppliers to submit B2B invoice particulars to an Invoice Registration Portal operated by the GST Network, which authenticates the invoice, issues a unique identification/reference number, and transmits the invoice data in real time to both the GST return environment and the e-way bill platform for automated reporting and linkage.