E-Invoice System: User Manual - Bulk Generation & Cancellation Tool

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E-Invoice System
User Manual
 Bulk Generation & Cancellation Tool
 Version: 1.01 National Informatics Centre New Delhi
 
User Manual
 Release Date: 22/05/20, Version: 1.01 Page 3
List of Abbreviations
Abbreviation Full Form
IRP Invoice Registration Portal IRN Invoice Reference Number GSTIN Goods and Services Tax Identification No B2B Business To Business SEZ Special Economic Zone ITC Input Tax Credit EWB e-Way Bill GSP Goods and Services Tax Suvidha Provider GST Goods and Services Tax QR Code Quick Response Code NIC National Informatics Centre
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User Manual
 Release Date: 22/05/20, Version: 1.01 Page 4
1.
 
Introduction
1.1
 
Background
The GST Council has approved introduction of ‘E
-
invoicing’ or ‘electronic invoicing’ in a phased
manner for reporting of business to business (B2B) invoices to GST System. Since there was no standard for e-invoice existing in the country, standard for the same has been finalized after consultation with trade/industry bodies after keeping the draft in public place. Having a standard is a must to ensure complete inter-operability of e-invoices across the entire GST eco-system so that e-invoices generated by one software can be read by any other software, thereby eliminating the need of fresh data entry
 –
 which is a norm and standard expectation today. The machine readability and uniform interpretation is the key objective. This is also important for reporting the details to GST System as part of Return. Apart from the GST System, adoption of a standard will also ensure that an e-invoice shared by a seller with his buyer or bank or agent or any other player in the whole business eco-system can be read by machines and obviate and hence eliminate data entry errors. E-invoicing in India will be a big move, due to the volume of business transactions undertaken every day, as well as the plethora of different, non-standardized formats used in invoice generation. The main objective is to enable interoperability across the entire GST eco-system i.e.an e-invoice generated by one software should be capable of being read by any other software. Basically, through machine readability, an invoice can be uniformly interpreted.
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