Overview - e-Invoicing
Note: This feature is available in all the paid plans of Zoho Invoice (Basic, Standard, and Professional).
What is e-Invoicing?
In the GST regime, the Government has introduced e-Invoicing to standardise the way business-to-business (B2B) invoices are reported to the GST system. This ensures that all invoices are submitted to the GST portal in a common, machine-readable format. You can download our detailed e-book on e-Invoicing to understand more about e-Invoicing in India and its benefits.
Is e-Invoicing necessary for your business?
Starting from 1 Januray 2021, all businesses with an annual turnover of Rs. 100 crore and above, will be required to submit their invoices to the e-Invoicing system, the Invoice Registration Portal (IRP). This process would then be evaluated and introduced to other taxpayers in a phased manner.
How does e-Invoicing work in Zoho Invoice?
e-Invoicing in Zoho Invoice is a simple and hassle-free process. Since Zoho is a registered GST Suvidha Provider (GSP), you can connect Zoho Invoice with the IRP easily. Zoho Invoice helps you create invoices in the e-Invoicing format, by including all the mandatory fields mentioned in the e-Invoice schema.
These invoices can be pushed to the IRP at the click of a button. The IRP will then send a unique Invoice Registration Number (IRN) to identify this invoice, along with a QR code. You can include these in your invoice and send it to customers. Zoho Invoice also provides you the option to cancel e-Invoices if needed.
This guide will help you understand how you can use Zoho Invoice to stay compliant with e-Invoicing.