Skip to main content

GST E-invoicing Principles for Biz Having T.O. INR 50 Cr to INR 100 CR

Image
By
GST E-invoicing Suggestions for Taxpayers

Beneath the goods and services tax (GST) the e-invoicing is important for those who have a turnover of Rs 50 cr or exceeding from 1 April for the business to business transactions. Below is the information for the assessee who upon the production posses the turnover is Rs 50 cr to 100 cr.

  • Firstly your GSTINs (GST Identification Number) should be allowed for e-invoicing. The enrollment and login to the platform are available for your GSTNs. 
  • Secondly, you might be prepared and enroll in the live invoices for the GST e-invoices portal. 
  • In the third part e-invoice bulk tools might be downloaded for preparing JSON and IRNs might be created. 
  • In the fourth part, the e-way bills might be generated for your IRNs. 
  • In the fifth section, you might further enroll for e-invoice APIs. 

It is mandatory to note that the companies who possess direct access to APIs or if the assessee has tie-up or using the ERP of the firm who have direct access to API then he or she can use the API via that firm. The GSTIN (assessee) creates his personal username and password and dresses access to API by handling the client’s id and client secret of the firm who have access. 

If the assessee has immediate access to the e-way bills APIs then he or she could utilize the Client Id, Client Secret, username, and password to get access to the GST e-Invoice generation system.

GSTIN(assessee) creates his personal username and password and ties up with the GSPs to get access to API by using the id of the customer and secrets of the customer of the GSPs.

GSTIN(assessee) creates his own username and password and binds up with the ERP s to get access to API by using the customer id and customers’ secrets of the ERPs.

Gen GST invoicing software has been developed on the government guidelines with complete features to be used by taxpayers on the note of related invoicing of bills and client transactions. The govt has mandated the invoicing for all the eligible taxpayers and Gen GST invoicing software has to offer all the required important utilities with the schema checks.

Comments

Post a Comment

Popular posts from this blog

A Full Guide to GST E-Way Bill 2 for Faster Compliance

By
  Have you encountered any challenges while trying to create a GST E-way bill using the government portal? If yes, SAG Infotech is here to provide some important solutions for you. NIC has launched the GST E-Way Bill 2 Portal. Designed to Offer GST E-way Bill Services with High Availability Using the e-way bill site, taxpayers and logistics operators can log in with their current account and password. Data from the GST E-way Bill2 site will be verified, combined, and available on the main GST E-way Bill portal for all business and analytical objectives. To guarantee that e-invoice generation is unaffected, this portal is integrated with another e-invoice portal for e-way bill generation. Users can freely create and amend E-Way Bills using the GST E-Way Bill2 Portal. The seamless integration and merging of the e-Waybill1 and e-Waybill2 systems will lessen reliance on the e-Waybill1 system in emergencies. E-way bill details are synchronised with the main portal in only a few seco...
Post a Comment
Read more

Gen Online Payroll Software for Small Business in India

By
In today's digital world, every person and businessperson works very hard to manage data manually, which can be a time-consuming and labour-intensive task, particularly when information needs to be constantly updated and verified. Likewise, managing large volumes of employee-related data can be a challenging and overwhelming task for HR professionals. Therefore, to address the workload and complexity of these tasks, the IT sector has developed Payroll software. In recent years, we have seen a huge growth in the number of Payroll software options. Yes, there are many types of HR Payroll software available in the Indian market at present. If you're looking for a reliable and popular payroll software option, you can choose Gen Online Payroll software, brought to you by SAG Infotech. Whether the business is medium or small, Gen Payroll software can make managing numerous important tasks of a human resources manager hassle-free. The Online Payroll software assigns a unique ...
Post a Comment
Read more

GST Collection of August 2024 Reaches INR 1.75 Lakh Crore

By
Concerning the financial front, gross GST collections for August 2024 show a strong 10% growth, reaching approximately ₹1.75 lakh crore.  This surge, driven by robust domestic consumption, led to a 9.2% increase in GST revenues from domestic transactions to approximately ₹1.25 lakh crore. Revenue from imported goods also saw a substantial rise of 12.1%, totalling ₹49,976 crores.  Despite the overall growth, there was a slight decrease from the ₹1.82 lakh crore collected in July 2024 when compared month-on-month. However, industry experts remain optimistic.  They point out that the 10% year-on-year increase at the commencement of the festive season is a strong indicator of sustained and potentially growing consumption in the upcoming months. The government's ongoing efforts to simplify the GST process, especially through measures such as adjusting rates to lower working capital expenses, have been positively acknowledged.  This dedication is also evident in the ₹...
Post a Comment
Read more