E-invoicing
What E-invoicing means, where you will meet it and what it means for your business.
DefinitionE-invoicing is the GST rule requiring businesses with turnover above ₹5 crore to register every B2B invoice on the Invoice Registration Portal, which returns a unique IRN and QR code.
Once your aggregate turnover in any year since 2017-18 crosses ₹5 crore, every B2B invoice, credit note and debit note must be reported to an Invoice Registration Portal before or at issue. The portal validates the data, assigns an Invoice Reference Number and a QR code, and pushes the details into your GSTR-1 and the buyer's GSTR-2B automatically. Invoices to consumers are exempt, but must carry a QR code above ₹500 crore turnover. You meet e-invoicing through your billing software, which connects to the portal through an API. What it means for you: an invoice without an IRN is not a valid tax invoice and your customer cannot claim credit on it, so the switch has to happen on the first day of the new threshold, with software tested in advance.