E-Invoicing

 Still confused about E-Invoicing under GST? Let’s simplify it.

⏰️When GST rolled out in July 2017, there was no concept of e-invoicing. But over the years, tax evasion through fake invoices became a major issue. So, the government introduced E-Invoicing — not to make your life difficult, but to ensure transparency and real-time data reporting. 🛎What it means: You still raise invoices in your own system (Tally, SAP, etc.) but now you need to upload them to the Invoice Registration Portal (IRP). The IRP verifies it and gives you: IRN (Invoice Reference Number) QR Code 🛑Without this, your invoice is not legally valid under GST. ✅️Who must comply? Businesses with turnover above ₹5 Cr (PAN-based, from any year since 2017-18). ✅️Who’s exempt? Banks, insurance companies, NBFCs, GTA, SEZ units, passenger transport & cinema halls. ✅️Why it matters: ✔️Reduces fake invoicing ✔️Simplifies GST return filing (auto-populates GSTR-1) ✔️Ensures faster ITC for recipients E-Invoicing isn’t just a compliance burden — it’s a step toward smarter, cleaner business.

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