E-invoicing is mandatory for all B2B transactions for registered persons with aggregate turnover above Rs.5 crore. Every B2B invoice must be reported to the Invoice Registration Portal (IRP) to get a unique IRN and QR code before issuing to the buyer. Kyra Tax handles complete e-invoicing setup and software integration.
Key Benefits
Legal compliance - avoid Rs.10,000 penalty per invoice
Auto-population of GSTR-1 from e-invoices
Faster ITC credit for buyers
Reduced GSTR-1 data entry effort
Real-time visibility of all B2B invoices
No physical storage required for authenticated invoices
Documents Required
- GST registration certificate
- Current billing software details
- Sample invoice format
- Authorised signatory details
Our Process
Frequently Asked Questions
Is e-invoicing mandatory for me?
E-invoicing is mandatory if aggregate annual turnover exceeds Rs.5 crore in any financial year from FY 2017-18 onwards.
What is the penalty?
Wrong invoice or non-generation of e-invoice when required: penalty of Rs.10,000 per invoice under Section 122 of CGST Act.
Talk to Our Experts
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