1. E-invoicing
  2. E-invoicing beneath GST
  3. E-invoicing curb Tax evasion
  4. The obligatory fields of an e-invoice
  5. E-invoicing applicable


An e-invoice, or electronic invoice, could be a digital document that’s changed between a provider and client and valid by the govt. tax portal. E-invoicing is the planned system wherever business-to-business (B2B) invoices are digitally ready in an e-invoicing format and documented by the products and Services Tax Network (GSTN). This method ensures that a standard format is followed by all businesses before coverage invoices to the GST portal.

In August 2019, the govt. shared a draft of an e-invoice for public read, which was later changed by the GST Council to be compliant line with their laws. Not solely will the quality format build compliance easier, but as a result of it’s followed across industries, ability between GST ecosystems is ensured.

E-invoicing beneath GST

The transportation of products from one place to a different is expedited by the filing of ‘e-Way Bills’ on the common GST portal. Similarly, in its thirty-fifth meeting, the GST Council had set to implement a system of e-Invoicing, which can apply to specific classes of persons. E-Invoicing doesn’t imply the generation of invoices on the GST portal. Instead, e-invoicing involves the submission of AN already generated normal invoice on a standard e-invoice portal. Thus, it automates multi-purpose coverage with a one-time input of invoice details. The CBIC notified a collection of common portals to organize e-invoices via Notification No.69/2019 – Central Tax.

ClearTax provides the best-in-class e-invoicing resolution for businesses. ClearTax conjointly provides AN e-Invoicing Tally instrumentality, sanctionative taxpayers to perform e-invoicing activities while not deed a tally screen. ClearTax can guarantee a secure migration to AN upgraded UI with no changes to your historical information.

ClearTax offers varied modes through that e-invoices are often generated by the taxpayers, like seamless API integrations, Excel mode, and FTP, SFTP, or Tally instrumentality. The user will relish varied worth additions such as:

  • Seamless generation of 5,000 e-invoices per minute
  • Integration with an accurate resolution with 99.99% uptime
  • 100+ information validations to confirm an error-free sleek e-invoicing expertise
  • Auto-retry of failing EWBs (with distance error) to boost the success rate of EWB generation
  • Automatic generation of the e-way bill when IRN generation with no uptake of knowledge
  • Faster loading of ‘e-invoices’ and ‘e-way bills’ on the screen for as several as 1 lakh documents
  • Reconciliation vis-a-vis e-way bill and GSTR-1 information, perceptive reports, a custom print guide for e-invoice, information archiving, etc.

E-invoicing curb Tax evasion

It will facilitate in curb tax evasion in the following ways:

  • Tax authorities can have access to transactions as they crop up in a period since the e-invoice can get to be mandatorily generated through the GST portal.
  • There is going to be less scope for manipulating invoices since the invoice gets generated before closing dealings.
  • It can cut back the possibilities of faux GST invoices, and also the solely real input decrease is often claimed as all invoices ought to be generated through the GST portal. Since the input credit are often matched with output tax details, it becomes easier for GSTN to trace pretend decrease claims.

The obligatory fields of an e-invoice

E-Invoice should primarily adhere to the GST invoicing rules. Aside from this, it ought to conjointly accommodate the invoicing system or policies followed by every trade or sector in the Republic of India. Bound info is formed obligatory, whereas the remainder of its non-mandatory for businesses. Several fields also are created non-mandatory, and users will like better to refill relevant fields solely. it conjointly delineates each field beside the sample inputs for the interested users. One will see that bound needed fields from the e-way bill format are enclosed currently within the e-invoice like the sub provide kind.

Below is the gist of the contents of the most recent e-invoice format as notified on the Gregorian calendar month 2020 via Notification No.60/2020 – Central Tax:

  • 12 sections (mandatory + optional) and 6 annexures consisting of a complete 138 fields.
  • Out of the twelve sections, 5 are obligatory, and 7 are non-mandatory are obligatory.
  • The 5 obligatory sections are basic details, provider info, recipient info, invoice item details, and document total. The 2 obligatory annexures are details of the things and also the document total.

E-invoicing applicable

The e-invoicing system applies to the GST registered persons whose mixture turnover within the twelvemonth exceeds Rs.50 crore. From the first Gregorian calendar month 2022, it shall apply to those with a turnover of over Rs.20 crore. However, exceptions embody Special Economic Zones (SEZ) units, insurance, banking, money establishments, NBFCs, GTA, rider transportation service, and the sale of film tickets. However, exceptions embody Special Economic Zones (SEZ) units, insurance, banking, money establishments, NBFCs, GTA, rider transportation service, and the sale of film tickets.