Steps for GST e-invoice registration

Steps required for GST E-Invoice Registration

E-Invoice registration is procedure of the signing or enrolling on the invoicing platform or systems to generate E-Invoiving. Already registered taxable persons on the GST Portal need to separately register for the e-way bill portal. Maximum up to 10 sub-users can be created, for each place of business. There are certain steps that involve in the gst-e-invoice registration.

Steps that are involved for the gst e-invoice registration. Get help from Profesional Utilities to solve any problem related to the GST.

Table of content  

• What is the  GST E- Invoice registration?

• How to register for E-Invoice under GST 

• E-Invoice applicability 

• Benefits of GST E-Invoice

• Conclusion

• Frequently Asked Question

What is Step GST E-Invoice registration?

Step registration GST E-Invoice refers to the certain procedure or process related to GST Registration. It is the process of acquiring up-to-date or correct information about the registration of GST E–Invoicing. Step register GST E-Invoice is prescribed format to well organized the E-Inovicing process and tax compliance is improved. 

How to register for E-Invoice under GST 

The various step taken for GST E -Invoice registration are mentioned below - 

Step 1- Visit the E-Invoice portal i.e. E-Invoice.trail.nic.in.

Step 2 - Click on registration and in that select ‘e-Invoice Enablement’.

Already Registered  - Enter the credential and select login to go further.

Not Registered - Enter Valid GSTIN and mobile number to register.

Step 3 - then in the boxes enter GSTIN and captcha code and the go is click to proceed.

Step 4  - Enter applicant details like the name of the applicant, mobile number, trade name, and address.

Step 5  - Verification of the details entered in the form. OTP is sent to the mobile.

Step 6  - After verification enter a username and password and re-enter the password. Then click save.

Under the new E-Invoicing, taxpayers generate invoices on their own accounting or ERP System. And the same is uploaded on the invoice registration portal of the government such as NIC E-Invoice Portal and IRP. The invoice is transferred from IRP to GST Portal and e-way billing.

E-Invoice applicability of  GST E- Invoice registration

E-Invoicing registration is applicable on businesses with a turnover of Rs. 5 crores

The eligibility of the taxpayer can be checked on the GST Portal. 

• Visit https://einvoice1-trial.nic.in/Others/EinvEnabled 

• Then enter GSTIN and captcha

• Then to proceed click on Go.

Exemption from the GST E- Invoice registration

There are certain exemption to the GST E-Invoice Registration as mentioned below - 

• Free trade & Warehousing Zone(FTWZ)

• E-Invoicing is not applicable for B2C Transactions.

• Non-Taxable or Nil rated or exempt B2B sales of goods or services 

• Nil-rated or non-taxable or exempt B2G sale of goods or services

• Any supplies covered under reverse charge 

• High sea sales, import, and bonded warehouse sales

Benefits of GST E-Invoice

There are many benefits of GST E-Invoicing as mentioned below - 

• Mismatch Errors are minimized as E-Invoiceing bridges the gap in data reconciliation.

• Data entry errors are reduced as  E-Invoicing allows interoperability. These can be read by other software also.

• E-Invoicing facilitates Real-time tracking of invoices.

• Input Tax Credit is fastly available.

• Less likelihood of tax authorities conducting audits or surveys because the data they need is available at the transaction level.

• The tax return filing process would be backward integrated and automated; the pertinent information from the invoices would be pre-populated in the various returns, particularly for creating part-A of e-way bills.

Conclusion 

Any firm which has a turnover of more than 5 crores is required to make GST E-Invoicing. There are certain steps that need to be followed to prepare the E-Invoicing. E-Invoicing was introduced due to many benefits such as reducing data entry errors, mismatch errors, taking input tax credits, and many others. Now E-Invoicing can be done on your systems also.

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What is the e-invoicing limit of the application?

This means that starting on August 1, 2023, the preparation of electronic invoices for business-to-business (B2B) supply will be required for all taxpayers with annual aggregate revenue above Rs 5 Crore in any year starting in 2017–18.

What situations does e-invoicing not apply to?

No, B2C transactions are not eligible for e-invoicing. But for B2C bills, certain organizations must create and print a dynamic QR code.

Is E-invoicing required in B2C?

E-Invoicing is required in Only B2B invoices, B2C bills, are not subject to e-invoicing. Therefore, B2B invoices need to generate both e-way bills and e-invoices (where necessary), but B2C invoices just need to do so.

Is RCM required to use E-Invoice?

RCM Transactions Are Exempt From E-Invoicing. Under Section 9(4) of the CGST Act of 2017, a GST-registered person who receives taxable supplies from an unregistered person is required to pay GST on a reverse charge basis. However, e-Invoicing does not apply to this transaction.

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