E-invoicing in GST: Tally’s Approach & Recommendations

| Nov-16-2020

About e-invoicing

E-invoicing will be a reality for businesses with a turnover of Rs. 500 crores and above, in the preceding year (2019-20), from 1^st October 2020.

All businesses falling in the above criteria will be communicated to register on e-invoice portal to start e-invoicing mandatorily. Only those businesses who are mandated to generate e-invoice and have registered on the e-invoice portal will be allowed to generate e-invoices.

Once registered, these businesses will have to upload their B2B invoices (Sales, Credit Note and Debit Notes made to businesses, government entities and all types of exports) on e-invoice portal and get it registered before removal of goods from their premises.

This will also facilitate:

Generation of e-way bill along with e-invoice
Auto-population of information in GSTR 1 of taxpayer
Auto-population of information in GSTR 2B of the receiver

e-Invoice system will have multiple options for the taxpayer, using which e-invoice can be generated:

Directly entered on the Web(IRP portal)
Based on API(Business software communicate with IRP)
Offline Tools like Excel (downloaded on e-invoice portal)

Once the invoice is registered on e-invoice portal, a digitally signed JSON along with QR Code, IRN (Invoice Registration No.) and e-way bill no. will be generated. Using that customer can prepare e-invoice.

At present, the department wants a smooth roll-out of e-invoicing system and therefore it is decided to implement it in phases. In the first phase businesses having turnover of Rs. 500 crore or above (in 2019-20), which is ~7000 businesses across India, will experience the e-invoice process. On a successful rollout of these taxpayers, the department will move to the next phases (type of businesses that will be involved and timelines of implementation are not clear yet)

Our approach

At Tally, we are working closely with the department to make the entire process of e-invoicing very simple for our customers.

Since e-invoicing is going to be implemented in phases, based on smooth implementation of the first phase, we will make the e-invoice solution available in Tally in the future phase.

e-Invoice solutions from our ecosystem

However, to ensure that if your business falls under the ambit of e-invoicing and that you remain compliant for e-invoicing needs, till the time we come up with support for e-invoice, we propose that you do one of the following:

Download the offline utility from e-invoice portal and click here to know the steps to manually fill invoice information in that utility to generate JSON file for e-invoice
Our ecosystem, i.e. Our solution partners and other software integrators, have developed e-invoice solution for Tally Product. You may get in touch with one of them based on your preference. We have listed a few partner details below:

Solution from Tally certified partners

There are 17 Tally Certified Partners listed below:

Circuit World

Address & Contact details

3/1/2, Armenian Street,3rd Floor, Room No 312, Kolkata 700001. West Bengal.

Contact person: Pankaj Baid

Contact number: 9903002059

Email:pankaj@circuitworld.in

Features

IRN Generation is seamlessly integrated with Tally.ERP9 on single click.
On Success the returned IRN Number, Acknowledgement No & Date, Signed QR Code are mapped to the Invoice.
The details can be printed also. Image of QR Code is provided such that if any other invoice customization is running, QR Code can be incorporated in that invoice seamlessly.
Errors (if any) are shown in separate screen, and after correction, the save voucher can be uploaded again.
Provision to upload and Generate IRN Later (through portal).
Provision of Email Notification and SMS Notification on generation of IRN *
Provision of IRN Cancellation within 24 hours.
Supports E-Way bill generation after the IRN is generated wherever such e-way bill generation is required.
The IRN and E-Way Bill Details can be viewed from Sales Register (Columnar) also, with provision to filter on IRN No, Acknowledgment No and eWay Bill No.
IRN Status report is also provided, where we can filter on status, IRN No, Acknowledgement no, date.

E-invoice solutions from our ecosystem

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| Nov-16-2020

About e-invoicing

Our approach

e-Invoice solutions from our ecosystem

Solution from Tally certified partners

Circuit World

Address & Contact details

Features

End User Price

Gseven Computer Business Pvt Ltd

Address & Contact details

Features

End User Price

ITWORKS @ SIYARAM (Div. of GARRUDA Technovate Pvt Ltd)

Address & Contact details

Features

End User Price

Nandini Infosystems

Address & Contact details

Features

End User Price

Saraswati Accountants Software Pvt Ltd

Address & Contact details

Features

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Miracle Technologies

Address & Contact details

Features

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Priyam Infosystems Pvt Ltd

Address & Contact details

Features

End User Price

Software At Work (India) Pvt. Ltd.

Address & Contact details

Features

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ASHUTECHSAVVY

Address & Contact details

Features

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K N Best Solution

Address & Contact details

Features

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Abound ERP Pvt Ltd

Address & Contact details

Features

End User Price

Fliksoft Technologies Private Limited

Address & Contact details

Features

End User Price

HBS SOLUTIONS PVT LTD

Address & Contact details

Features

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Comhard Technologies Pvt Ltd

Address & Contact details

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Logictech Solutions Pvt Ltd

Address & Contact details

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RJD SOFTWARE & TRAINING INSTITUTE

Address & Contact details

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Step Tech

Address & Contact details

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Solution from software integrators

GSTZEN

Address & Contact details

Features

End User Price