E-invoicing - Overview
Note: This feature is available in only in paid plans of Zoho Subscriptions.
What is e-invoicing?
In the GST regime, the government 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.
Is e-invoicing necessary for your business?
Currently, e-invoicing is mandatory for all businesses with a turnover of ₹50 crores and above. Starting from 1 April 2022, e-invoicing will also be mandatory for all businesses with a turnover of ₹20 crores and above.
How does e-invoicing work in Zoho Subscriptions?
E-invoicing in Zoho Subscriptions is a simple and hassle-free process. Since Zoho is a registered GST Suvidha Provider (GSP), you can connect Zoho Subscriptions with the IRP easily. Zoho Subscriptions 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 with a single click. 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 Subscriptions also provides you with the option to cancel e-invoices if needed.
This guide will help you understand how you can use Zoho Subscriptions to stay compliant with e-invoicing.