Contrary to what was believed until now, an e-invoice will not be generated on a common portal hosted by the government, but will instead continue to be generated on a taxpayer’s own ERP system.

Generate E- Invoice under GST: Enterprises with more than Rs 5 crore turnover, from earlier Rs 10 crore, in any financial year will have to generate e-invoice for business-to-business (B2B ...

"An electronic invoice or e-invoice is a tax invoice declared by a GST-registered business with the e-invoice portal and approved by the GST Network." IANS pic. Businesses with turnover of over Rs 20 ...

It is introduced to avoid tax evasion. The businesses generating the e-invoice will get a unique identification number by the IRP portal that will directly be managed by the GST Network (GSTN).

India Business News: NEW DELHI: GST officers are working on a system where businesses above a certain turnover threshold will have to generate 'e-invoice' on government or.

GST council to approve 6th e-invoice generation portal Only about half of eligible GST identification numbers were generating electronic invoices Dilasha Seth, Gireesh Chandra Prasad ...

GST: Buyers will not be able to claim input tax credit (ITC) if specified sellers or suppliers do not upload the e-invoice within 30 days from the date of its generation. "From 1st April 2025 ...

"E-invoice for B2B transactions will be rolled out in next three-four months in a phased manner. The entire invoice would have to be generated on a government portal," an official told .

GST officers are working on a system where businesses above a certain turnover threshold will have to generate ‘e-invoice’ on government or GST portal for every sale, thereby effectively ...