GST e-Invoice & E-waybill

FilingMan offers streamlined GST e-Invoice and E-waybill services for seamless compliance and efficient logistics management.

    About Our Service

    GST e-Invoicing is a recently introduced technology in India designed to make the invoicing process simpler for companies. It serves as a platform for electronic invoicing, enabling the creation, verification, and distribution of invoices over the internet. Enhancing efficiency, increasing transparency, and reducing the burden of compliance on businesses are the main objectives of GST e-Invoicing. This system does away with manual interventions by automating the data entry of invoices into GST returns, resolving input tax credit, monitoring eWay bills, and processing GST refunds.

    FilingMan streamlines your GST e-Invoice process with precision and expertise, guiding your business through seamless electronic invoicing implementation. Our dedicated team ensures meticulous adherence to regulatory requirements, facilitating smooth data integration, generating compliant invoices, and enabling you to navigate the complexities of GST e-Invoicing effortlessly. Trust FilingMan to enhance your invoicing efficiency, minimize errors, and optimize your compliance strategy for a seamless transition into the digital invoicing landscape.

    Documents Necessary

    Invoice reference number (IRN)

    Goods and Services Taxpayer Identification Number (GSTIN)

    GSTIN of the buyer

    The SAC (Services Accounting Code) and HSN (Harmonised System of Nomenclature) codes.

    The tax-deductible amount and any applicable discounts

    Taxes for the Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), and Integrated Goods and Services Tax (IGST)

    The supplier's and buyer's shipping and billing addresses

    Location of supply

    Information on the item, including its description, number, size, and price.

    A digital signature or the supplier's signature

    Process of Registration

    Step 1 :

    As of October 1, 2020, companies with a yearly revenue of at least Rs. 50 crores had the option of voluntary compliance with the requirement to issue e-Invoices for B2B transactions. However, generating electronic invoices for B2B transactions became required for these companies as of January 1, 2021.

    Step 2:

    Companies have the option to create e-Invoices using their current billing or accounting software. The invoice must be generated and posted to the Invoice Registration Portal (IRP), where it will be verified. The IRP will then produce a distinct Invoice Reference Number (IRN) for each invoice.

    Step 3:

    The e-Invoice must go through digital signature after the Invoice Reference Number (IRN) is generated. A digital signature or a QR code that contains the IRN and another important invoice information can be used to do this.

    Step 4:

    The supplier must provide the recipient with the information from the electronic invoice. This can be done via email, SMS, or any other electronic method. A tangible copy of the invoice may also be given by the supplier upon request by the recipient.

    Step 5:

    The recipient's GSTR-2 return and the supplier's GSTR-1 return will both automatically contain the information from the e-Invoice. For both parties, reporting is simplified by this automated process. Additionally, the e-Way bill system will automatically populate the e-Invoice details, making it easier for businesses to generate e-Way bills.

    E-waybill Overview

    The products and Service Tax (GST) proposed the E-way law, also known as the Electronic Way law, to trace products in transit. Having an E-way bill created on the GST Portal is required for all GST-registered taxable individuals involved in shipping goods worth more than Rs. 50,000.

    Business E-way bill creation and management have been made simpler by LEDGERS. Their E-way bill tool is connected to customer or supplier accounts, bills of supply, purchase invoices, and GST invoices. With the press of a button, this integration enables the generation of seamless E-way bills that are simple to distribute with clients or suppliers. The E-way bill guidelines outline the processes for transferring products, however it's important to note that when the GST Act went into effect on July 1st, the introduction of E-way bills was postponed.

    In conclusion, E-way bills are essential to the GST structure because they offer a digital system for tracking items as they are transported. Businesses can manage E-way bills more effectively and ensure compliance thanks to the user-friendly E-way bill solution from LEDGERS.

    Documents Necessary

    Invoice/Bill of supply/Challan related to the consignment of goods.

    For transportation by road: Transporter ID or the vehicle number

    For transportation by rail, air, or ship: Transporter ID, Transport document number, and date.

    GST e-Invoice & E-waybill Costs
    GST e-Invoice & E-waybill

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      Advantages Of E-Way Bill

      Effective products Tracking

      Real-time tracking of products during transit is one of the main benefits of e-Way Bills. This electronic documentation makes it possible for enterprises and tax authorities to keep an eye on the flow of goods, which lowers the likelihood of tax evasion and enhances supply chain management in general.

      Simplified Compliance

      e-Way Bills make it easier for firms to comply with tax requirements by streamlining the process of transporting products. Businesses may eliminate the inconvenience of physical paperwork with electronic generation and administration, which lowers administrative costs and boosts operational effectiveness.

      Improved Transparency

      Transparency is increased because to the use of e-Way Bills throughout the whole supply chain. Real-time data is accessible to tax authorities, enabling improved tax compliance and reducing the opportunity for tax fraud or inconsistencies.

      Reduced Transit Time and expenditures

      Because e-Way Bills are digital, they enable seamless movement, which cuts down on both transit time and expenditures. Businesses can benefit from smoother operations and quicker product delivery with quicker verification and less delays at state borders.

      Why Choose FilingMan

      For GST e-Invoice & E-waybill?

      Choose FilingMan as your partner for GST e-Invoice and E-waybill needs, and experience a seamless transition to the digital era of invoicing and logistics. With our expert guidance, you can confidently navigate the complexities of implementing GST e-Invoicing, ensuring accurate and compliant electronic invoicing practices. Our seasoned professionals meticulously handle every aspect, from data integration to invoice generation, ensuring reduced errors, streamlined compliance, and improved efficiency in your invoicing process.

      Additionally, FilingMan's E-waybill service optimizes your logistics management by facilitating smooth documentation and compliance with transportation regulations. Trust FilingMan to empower your business with the latest digital tools, enhancing accuracy, efficiency, and overall operational excellence in both invoicing and logistics realms.

      FAQ'S
      What is GST e-Invoicing, and how can FilingMan assist my business in its implementation?
      GST e-Invoicing is the digital generation and reporting of invoices directly to the GST portal. FilingMan guides your business through this process, ensuring seamless integration of your invoicing data with the GST system, minimizing errors, and enhancing compliance. We provide end-to-end support, from setting up your systems to generating and submitting compliant e-Invoices.
      Why is E-waybill important, and how does FilingMan's service simplify the E-waybill process?
      An E-waybill is a digital document required for transporting goods. FilingMan's E-waybill service streamlines this process by helping you generate accurate E-waybills, ensuring compliance with transportation regulations. Our experts guide you through the documentation, helping you avoid delays and penalties while ensuring a smooth and compliant logistics operation.
      How does FilingMan ensure the accuracy and compliance of GST e-Invoices and E-waybills?
      FilingMan's experienced professionals have a deep understanding of GST regulations and logistics requirements. We meticulously review your data, validate information, and generate error-free e-Invoices and E-waybills that adhere to the necessary legal standards.
      Can FilingMan handle the entire process, from e-Invoice generation to E-waybill submission?
      Absolutely, FilingMan offers comprehensive services that cover the entire spectrum of GST e-Invoicing and E-waybill requirements. We assist in creating accurate e-Invoices, ensuring smooth data integration, and seamlessly transitioning to E-waybill generation and submission, ensuring a hassle-free end-to-end process.
      What benefits can my business expect from utilizing FilingMan's GST e-Invoice and E-waybill services?
      By partnering with FilingMan, your business can enjoy improved invoicing accuracy, streamlined compliance, enhanced logistics management, reduced errors, and increased efficiency in both invoicing and transportation. Our services contribute to smoother operations, reduced risks, and better supplier-customer relationships, ultimately leading to improved business performance.