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India -August 16, 2023- With the latest amendment from the Central Board of Indirect Taxes and Customs (CBIC), businesses with an annual turnover exceeding Rs 5 crore would be required to generate e-invoices for all B2B transactions
As per the recent mandate, from 1st August 2023, e-invoicing will become mandatory for all registered persons whose aggregate turnover in any prior financial year from 2017-18 onwards exceeds 5 crores.
Electronic invoices or e-invoices refer to the concept wherein all B2B invoices are electronically uploaded by the supplier and authenticated by the IRP with an IRN and QR code that should be printed on the invoice before issuing it to the buyer.
With the implementation date soon approaching, it has become critical for businesses to have the right software to get started with e-invoicing. In such a situation, directly integrating connected software with the e-invoice portal can instantly generate e-invoices.
Being a robust software, TallyPrime directly integrates with the portal, uploads the invoice, gets it authenticated and receives the IRN and QR code, and automatically prints it in the invoice so that you don’t need to put in that extra effort
TallyPrime, a comprehensive business management software, takes care of all aspects of e-invoicing, from instant invoice generation to tracking and management.
TallyPrime's e-Invoicing features
As a business, you might require generating single invoices or bulk.
With TallyPrime's prevention, correction, and detection mechanism, you can ensure accurate GST returns
Get access to a wide range of insightful business reports and access them from a mobile or any device.
TallyPrime helps you identify any anomalies or accidental modifications in a multi-user environment.
e-Invoicing Software
Being a digital process, you can generate an e-invoice instantly and avoid switching between multiple platforms and tools.
Since no manual interventions exist, e-invoicing software ensures better accuracy and reduces human errors.
Alongside helping you stay compliant with the e-invoicing norms, it also assists you in filing accurate returns and keeping your books.
With e-invoicing, keeping track of your invoices is easy, providing more control over your invoicing process.