New Delhi, GST 500 crores after implementation of GST Aggregator turn over (Before 1-10-2020) it was mandatory for companies to generate e-invoices. 100 crores in the previous financial year (prior to 1-4-2021), then having a turnover of more than 50 crores as on 1st April-2022
And from 1-10-2022 generation of e-invoices and e-way bills has been made mandatory for companies having a turnover of more than 10 crores (in previous year). E-invoice generation is mandatory only for generating B2B (Business to Business) and B2G (Bill to Government) billing.
That is, if the company has a turnover of 11 crores and 9 crores of bills are generated B2B and 2 crores of bills are of some other type (B2C, EXEMPT) even then it has to go through the e-invoice process. But in such a case only B2B bills worth 9 crores will have to generate IRN by making e-invoices. No need to generate IRN for B2C bills.
What is aggregator turn over? ?
The company which has taken more than one GST number on the same PAN card and the company whose turnover is more than 10 crores is also required to generate e-invoice. So some company registered in Ahmedabad. Has office and has taken GST numbers in states like Delhi, Maharashtra, Rajasthan on one PAN card
And suppose Gujarat’s (Previous Financial Year) turnover is 5 crores, Delhi’s 3 crores, Maharashtra’s 2 crores and Rajasthan’s 2 crores. So the total aggregator turn over was 12 crores. So it is mandatory for this company to create e-invoice.
How does the e-invoice generation process work?
E-invoicing requires the user to generate invoice data in a prescribed format, which is JavaScript Object Notation (JSON), or by using an offline tool provided by the Enterprise Resource Planning (ERP)/Business Management software or portal. After this, the e-invoice will be uploaded to the IRP, which further validates and authenticates the invoice data with IRN (IRN is a 64 digit unique number, and QR code).
The process of generating e-invoice is as follows:
Generate your username password for the first time by logging in to the site and then you can generate e-invoices in two ways by logging in to the site.
API Registration and API User Registration
First of all API registration and API user registration is required.
(1) Click on e-invoice on this site, download GePP software and prepare daily bills in it. Suppose you generate 10 bills, then download the JSON file. This file will be generated in the folder where the software is downloaded. Upload it to the e-invoice site and verify it.
Register on Web e-Invoice System -Visit the IRP portal.
A first-time GSTIN can register by clicking on the e-invoice registration tab, which will open the e-invoice registration form. Once the form is filled, the taxpayer must verify the form with a one-time password (OTP), which will be sent to the registered mobile number.
After downloading the GEPP software as above and creating all the daily bills in it, export these bills and create a json file. After uploading the file to the e-invoice site, an IRN is generated. As per invoice no. 8th column of 34543 and 1232 shows IRN generated. So now the final e-invoice has been generated. Only bills for which IRN has been generated will be considered as e-invoices.
It is mandatory to generate IRN by uploading the bills within three days once the bill is generated.
(2) According to the second method, an excel file can be downloaded to generate four types of e-invoices from the site. IRN number can be generated by downloading any one of the Excel files, filling all the details and uploading this file on the site. Once the IRN number is generated, the bill cannot be cancelled.
Downloading GePP software and uploading data into it is much easier than entering data into an Excel file.
Apart from this, if there is an account in the ERP software, an e-invoice can also be created by creating a json file from it, uploading it and generating an IRN number. E-invoices cannot be created in Telly ERP 9.0. But, how to create e-invoice in Tele Prime is mentioned in the below link.
