‘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
E-Invoicing in New GST System: Electronic Authentication & Real-Time Data Transfer via GSTN and Invoice Registration Portal. E-invoicing under the new GST return system involves electronic authentication of B2B invoices by the GST Network (GSTN) for use on the common GST portal. The system assigns an identification number to each invoice through the Invoice Registration Portal (IRP), managed by the GSTN. This allows real-time transfer of invoice information to both the GST portal and the e-way bill portal. A participant in the discussion forum advised against certain postings, indicating a preference for maintaining the forum's focus on knowledge sharing. (AI Summary)