E Incoicing
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Definition: E‑invoicing means reporting invoice details to the Invoice Registration Portal (IRP), which validates and returns a digitally signed invoice with a unique IRN and QR code.
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Not Government‑Generated: Businesses still create invoices in their own ERP/accounting systems; the government portal only authenticates them.
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Scope: Applies to B2B supplies, exports, and supplies to SEZs.
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Benefits of E‑Invoicing
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Standardisation: All invoices follow a common format (Form GST INV‑1 schema).
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Interoperability: Invoices created in one software can be read by another.
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Automation: Auto‑population of GST returns (GSTR‑1) and e‑way bills.
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Error Reduction: Minimises mismatches and manual data entry mistakes.
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Faster ITC: Genuine input tax credit becomes available more quickly.
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Lower Compliance Risk: Reduced audits since transaction‑level data is already available to authorities.
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