Generating e-Invoice

Generating e-Invoice

All invoices, with the exception of those for supplies given to unregistered clients, must be generated via the e-Invoice Portal. India Compliance provides an easy, quick, and dependable way to generate an e-Invoice in order to comply with the same.

To use these features, APIs are required. This is necessary for companies with a high volume of transactions, hence using APIs is advised.

e-Invoice Settings Set up your e-Invoice settings in accordance with your needs once you've completed the GST Settings.

In order to access e-Invoice Options, you must first enable the API.

• Activate e-Invoicing: Can you use e-Invoicing? From here, you can turn on the e-Invoicing functionalities.

• Create an electronic invoice automatically upon submission of an invoice: If appropriate, an electronic invoice will be created automatically upon submission of a sales invoice.

• All invoices—aside from those for supplies to unregistered individuals or non-GST supplies—are created automatically.

• Only invoices created after this date will be eligible for an electronic invoice. If this is going to be applicable at a later time, you can pre-configure it.

Generating e-Invoice If it applies to you, an electronic invoice will be created when your invoice is submitted.

After submitting the invoice, you have the option to manually start the generating if you'd like. A menu with e-invoice options will appear. The generation of an electronic invoice will begin after you click the Create button.

Cancelling e-Invoice If the e-Invoice is still valid, you can cancel it via the e-Invoice menu options.

Choose "e-Invoice" from the options. select the Cancel button. In the dialog box, provide your cancellation justification before confirming the e-Invoice cancellation.

e-Invoice and e-Waybill both are applicable to us. How do these settings interact with each other? Both are applicable to you and we have a flawless interface for you. Following points shall help you grasp the same in depth.

• Automatically Create e-Waybill on Invoice Submission will be a need for you if you enable the Automatically Generate e-Invoice on Invoice Submission setting.

• If the necessary fields (Transport Details) are present when creating an electronic invoice, an electronic waybill will also be created automatically. You will be able to generate or edit an e-Waybill from the e-Waybill menu items in the event that data is unavailable, e-Waybill is not generated, or just Part A of e-Waybill is generated.

• It is necessary to cancel the e-Waybill before canceling the e-Invoice. We also have you covered in this area. Both the e-Invoice and the e-Waybill will be cancelled concurrently if the e-Waybill is available and valid at the same time as the e-Invoice.

What if we generate e-Waybill before the e-Invoice? To automate your GSTR-1 and e-Waybill processes, use e-Invoice. Only if the e-Waybill was not generated simultaneously with the e-Invoice should you create the e-Invoice first.

What should we do if the validity of e-Invoice has expired and still we would like to cancel it? A legal record is an e-Invoice. In these situations, canceling your invoice for corrections, errors, or returns is not a smart idea (although an e-Invoice cannot be cancelled).

Above and above this invoice, you should issue a credit or debit note to make up the difference.