Total Taxation Solution integration – GST- E Way Bill-E-invoice (Part-4)

In E Invoicing by Manoj P


We believe in empowering the business users in such a way that they can do e-invoice generation without worrying at all about the technical details (data validation, transformation, schema validation, JSON conversion, authentications, encryption, API calls etc.). Not just that, once the system stabilizes, the e-invoice generation can even be scheduled to happen without user intervention – the user just sees (or gets notified) if there are any exceptions to be handled.

What does the future of integration looks like?

If e-invoice is about standardization and inter-operability, it would go well beyond the integration with the compliance portals as envisaged in Phase 1. It would integrate with the customer, customs and banks to name a few.

As a supplier one would be keen to leverage this transformation to ensure that:
  • The supplies reach the destination without compliance hassles
  • The recipient’s (customer) stores/inspection team has advance intimation of the supplies arriving, so that the goods are quickly unloaded for inspection and the vehicles are not inadvertently detained
  • The invoice gets verified quickly and posted in the customer’s account payable cycle, so that the payments are received within the budgeted period
  • The customer gets input tax credit without any hassles
  • The supply information gets integrated with compliance portals, customs and banks to minimize manual activities and expedite the benefits
As a buyer, one would be equally keen to get benefitted from this integration & workflow to
  • Receive advance intimation of imminent supplies
  • Plan inspection (including third party inspection agencies if any)
  • Provisionally consider the input tax credit in the supply for tax liability and cash flow purpose
  • Notify the end-user of the procurement (it could be a critical raw material in a production planning process)

Watch our space here for more updates on our solutions – including the automated integration of e-invoices in other areas.

It is going to be a challenging but exciting journey. And we are ready and eager.

If the winter-question was “what is happening?” the summer could provide the answer – “e-invoice is indeed happening

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About the Author

Manoj P

Director (Product Lifecycle Management). Information technology leader with outstanding track record of success in designing, delivering and supporting business-aligned technology solutions on a global scale for Industry-leaders across verticals. He has 29+ years of industry experience, including 20 years in SAP with IVL.

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