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In recent years, the Government has undertaken several digital transformations in the Goods and Services Tax (GST) framework, and electronic invoicing, known as the E-Invoicing system, is one of the most significant developments. The invoicing system is a compliance mechanism and a step towards a more efficient, transparent, and technology-driven tax administration.
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E-Invoicing under GST is a mandatory requirement where the supplier reports all business-to-business (B2B) invoices electronically on the Invoice Registration Portal (IRP) and is authenticated by the portal. Once the reported invoice is validated by the portal, that invoice is assigned a unique Invoice Reference Number (IRN). There is no requirement to report B2C transactions on the Invoice registration portal (IRP), i.e., an E invoice is not required for B2C transactions.
It is important to note that the IRN (Invoice Reference Number) is different from the invoice number generated by the supplier. Every supplier can generate an Invoice number in a different format as per the accounting system. Invoice Reference Number (IRN) is a 64-character unique hash generated by the IRP, ensuring the invoice is legitimate and verified.
The government implemented the e-invoicing system in a phased manner to give businesses adequate time to prepare their accounting software and systems for compliance. :
| Phase | Applicable from | Taxpayer whose aggregate turnover in any financial year since 2017-18 exceeds |
|---|---|---|
| Phase 1 | 1st October, 2020 | Rs. 500 Crore |
| Phase 2 | 1st January, 2021 | Rs. 100 Crore |
| Phase 3 | 1st April, 2021 | Rs. 50 Crore |
| Phase 4 | 1st April, 2022 | Rs. 20 Crore |
| Phase 5 | 1st October, 2022 | Rs. 10 Crore |
| Phase 6 | 1st August, 2023 | Rs. 5 Crore |
This progressive approach helped integrate e-invoicing smoothly into the GST ecosystem.
In present, E-Invoicing is mandatory for taxpayers whose turnover exceeds Rs. 5 Crore in any financial year after implementation of the GST Law, i.e., since the Financial year 2017-18. E-Invoicing is Mandatory for:
The introduction of the e-Invoicing system under GST marks a major milestone in India’s move towards a digital economy. Invoicing system enhances the transparency in taxation system, trust factor among the honest taxpayers, automates tax compliance, and strengthens the GST ecosystem.
For businesses, adopting the e-invoicing system is not just about compliance—it’s an opportunity to become more efficient, transparent, and future-ready.
At E Accountax Manager, we offer expert guidance on GST E-Invoicing, Income Tax, FEMA, and compliance management. Our team ensures real-time support, personalized solutions, and updated regulatory knowledge. Whether it’s e-invoicing, GST returns, or financial management, we help businesses stay compliant, transparent, and growth-ready with dedicated virtual CFO services and easy access to expert advice.
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CA Ankit Agarwal is a seasoned GST expert, dedicated to sharing in-depth knowledge on GST laws, tax compliance, and business regulations, helping businesses and individuals navigate India’s evolving taxation landscape with ease.
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