QR Code for B2C Invoices: “Digital Display” for Customers?

In E Invoicing by Anandkumar S Nair

IntroductionAs is well known, electronic invoices (e-Invoices) have been made mandatory by the Government of India with effect from 01 Oct 2020 for all B2B transactions by business entities with a turnover greater than Rs 100 Crore. What this means is that all invoices, generated by companies using their existing ERP/ Accounting System will need to be converted into a ...
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Document automation & integration ( In bound invoices, BOE,L/C, etc) and integration with SAP (Part 2)

In E Invoicing by Rajesh P

Document automation & integration process on Letter of CreditLetter of Credit (LC) is a document issued by Bank. We have Import LC (Requested by Home bank) and Export LC( Requested by Exporters bank). Ideck is capable of handling both Import LC and export LC. This module is tightly integrated with our EXIM module. When a new LC document receives from ...
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AIM(Accelerated Implementation Methodology) for E-Invoicing

In E Invoicing by Gireesh G

AIM, or Accelerated Implementation Methodology is a framework for addressing organizational changes that will transform how your business operates. It takes the change process from planning all the way through installation, Implementation, training and an eventual Return on Investment. Its main objective is to remove any barriers between the planning phase and a successful implementation, which can include things like ...
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E-Invoicing The early-bird advantage

In E Invoicing by Manoj P

Unlike the introduction of GST & GST Returns in 2017, or E-Way Bill in 2018, E-invoice promises to be a different ball-game to individual businesses. In simple terms, non-compliance to E-invoice could impact a crucial aspect of business – timely delivery. Would you want to be an early-bird catching the opportunity or prefer to complain about the challenges and hope ...
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Changes on Export Invoices due to E-Invoicing

In E Invoicing by Vivek C V

IntroductionThe Invoicing system in GST is defined for major overhaul in the coming financial year. This includes E-invoicing, Quick-Response Code and facility of digital payments to recipients. E-Invoicing or electronic invoicing is a process of validating invoices electronically through GST Network (GSTN) for further use on common GST portal. This is also has a direct implication on Availment of ITC, ...
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Total Taxation Solution integration – GST, E Way Bill, e-invoice(Part-3)

In E Invoicing by Manoj P

Since there is a need for GST Returns / reconciliation solution even beyond the e-invoice rollout, integration of applications would be even more important.

Are there any outward supplies done without e-invoice? If the supply comes under the revised provisions of Rule 48 (Manner of issuing invoice) under the CGST Rules, Part A (Chapter VI), such an invoice is invalid. From an audit perspective, reports linking all relevant invoices with a valid e-invoice would be important.

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Total Taxation Solution integration – GST- E Way Bill-E-invoice (Part-2)

In E Invoicing by Manoj P

Voluntary e-invoicing : There are taxpayers for whom e-invoicing is voluntary as of April 2020 (based on annual turnover thresholds). We could therefore still have vendor invoices without any e-invoicesto auto-populate the GSTN data. In other words, vendor GST reconciliation would still be relevant for organizations having such vendors in the Accounts Payable cycle.

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Total Taxation Solution integration – GST- E Way Bill-E-invoice

In E Invoicing by Manoj P

What is happening in India under Indirect Taxation? We have been hearing that e-invoicing is being rolled out…It was a cold day in December, just a month ago. If I call it a cold day in India, it must have been a chilling day in Germany. Yet, there was the familiar warmth and cheerfulness in the voice that I heard ...
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Invoicing in India – From Paper to Electronics

In E Invoicing by Anandkumar S Nair

Electronic invoicing (e-Invoicing) is the exchange of the invoice document between a supplier and a buyer in an integrated electronic format. Traditionally, invoicing, being a paper-based process, involved manual effort and is error prone. This means increased costs and processing/ payment lifecycles for companies.

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