1st October 2021 marks the one-year completion of e-invoicing in India. The revolutionary step brought in several benefits to small businesses and helped curb tax invasion to a certain extend. The major reason for e-invoicing implementation in the country is transparency and to cut down frauds. Presently, the e-invoice criteria is applicable for all companies with a turnover of Rs. 50 cr. and above. And, the system adoption rate stands at 80% and is likely to increase even further. However, just like constant GST law changes, e-invoicing is also evolving and is undergoing changes.
Updated on 24th Feb 2022: As per CGST Notification 01/2022 released on 24th Feb 2022, GST e-invoice has been made mandatory for entities with turnover of Rs. 20 Cr and above.
All the taxpayers that fall under the threshold, need to take note of the following changes/updates.
1. Invoice data on IRP will be strictly available for 2 days
While it was always known that NIC -National Informatics Centre (current IRP) will be keeping the E-invoice data for 2 days only, however, the invoice data could still be fetched using the ACK number even after 2 days. Some of you would be using this option in case of errors and exceptions if encountered during the IRN generation. Duplicate IRN error was one common scenario where invoice data was fetched from the NIC portal.
NIC had communicated via the e-invoice mandate that the 2-day time limit would be strictly enforced and as per our observation and discussion, it has been already implemented. Now with strict enforcement of the rule, the invoice data cannot be fetched after 2 days nor the JSON file would be available for download from the NIC portal.
We highly recommend having checks and alerts in your systems that could assist you in identifying such exceptions in IRN generation.
Our smart E-invoicing solution will soon have this functionality that could help you track such situations and hence there would be no need to fetch IRN after 2 days.
2. Switching to an alternate instant messaging platform
The Government has decided to follow the indigenous messaging platform – Sandes for all its communication from the NIC system. If you are not already using Sandes, we recommend you download it so as to have a hang of it and be ready before it comes into play full-fledged. As per the update, all the E-invoice and E-way Bill related messages will be sent via Sandes. SMS would be discontinued in the coming weeks. The app ‘Sandes’ is available on Playstore as well as on Appstore.
3. B2C Invoices
Along with E-Invoicing for B2B and Exports, taxpayers are mandatorily required to print self-generated QR Code on B2C transactions from 1st July 2021 onwards as per GST Notification 06/2021. However, this was further pushed ahead as per GST Notification 28/2021 that said – Penalty payable for noncompliance QR Code on B2C transactions waived further till 30th September 2021, subject to compliance from 1st October 2021.
If you have any concerns and doubts, please feel free to reach out to our support team at firstname.lastname@example.org
IRIS GST, a business line of IRIS Business Services Limited is one of the few authorized GSPs chosen in the first round of selection by GSTN in 2017. At IRISGST, we believe that the implementation of GST and now e-invoicing will play a pivotal role in crafting the technological advancement of any business.
If you are looking for Automated, Integrated and Seamless e-invoicing Software, Try now.
IRIS Onyx – has multiple options for Integration. It is a complete tool for a seamless e-invoicing process.
- Data APIs – Send one invoice to IRIS Onyx at a time and get a real-time response.
- Push File to SFTP – Push file to SFTP location and get IRN in a response file on the same SFTP location.
- Upload File APIs – Send CSV files containing one or multiple invoices through APIs. Integrate status and other API to also get the IRN response back into the system
- Manual Upload – Use Onyx to upload the CSV file and generate IRN
IRNs generated through any of the above approaches will be present on the IRIS Onyx web portal also.
Onyx has proven to be a blessing for all our clients who managed to carry out the entire process of IRN generation smoothly. Our team has been dedicatedly helping clients with all their queries and has been conducting free webinars to spread awareness about the latest changes and extend support in the implementation of the e-invoice mandate.
– VANDIT SHAH, GIA INDIA