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Electronic invoicing or e-Invoicing in India is a system of creating invoices where software-generated invoices can be accessed by other software, reducing the need for new data entry or errors. In simpler terms, it is an invoice created in a standard format that allows electronic invoice information to be shared with others, ultimately ensuring information compatibility.

Electronic invoicing refers to a system whereby business-to-business (B2B) invoices, export invoices and credit/debit memos are electronically certified by the GSTN for use on the GST common website. An electronic invoice verifies transactions and assigns each invoice a unique identifier (Invoice Record Number or IRN), which is then processed by the GSTN Invoice Record Site (IRP).

Electronic invoicing is the new way of invoicing and will no doubt be the future of invoicing. Electronic invoicing was introduced for a variety of reasons and is a superior approach to PDF or traditional paper documents. Electronic invoicing is only possible with specialized software. Marg ERP is a remarkable e-invoicing software with the latest features and updates.

The provider's billing software generates an electronic invoice in a structured format with data encrypted in XML or EDI. Alternatively, the format is created on web-based forms and distributed to both sellers and buyers.

At present, e-invoicing is mandatory for companies with an annual turnover of more than Rs 20 crore. Finance Minister Tarun Bajaj said in an interview that initially only companies with an annual turnover of Rs. Rs 500 crore were eligible to use e-invoicing. However, this figure has been reduced to Rs. 100 crore and Rs. Rs 20 crore, is now to be reduced to Rs.10 crore from 1.10.2022

According to tax officials, e-invoices have a number of advantages, including:

GST Billing Software helps businesses produce professional-looking invoices with simply many clicks. within the post-GST era, corporations ought to offer GST-compliant invoices. Marg provides straightforward GST settlement by auto-filling all needed fields like GSTIN, HSN/SAC code, GST rate, etc. All you have got to try to do is choose the acceptable worth. GST asking computer code provides 8+ GST ​​billing software to make ready-made GST bills to satisfy completely different business desires. an expert GST invoice is that the opening to creating a positive impression of a business. Free accounting computer code additionally makes filing monthly, quarterly, and annual tax returns easier and additional convenient. Since the asking computer code generates all sales and gets invoices, all entries are saved mechanically, creating GST filing additional convenience. ISO 27001 certified asking platform is 100 per cent secure to come up with GST-compliant invoices. All info entered into the computer code is end-to-end encrypted to safeguard it from virus and malware attacks. Best asking computer code with online GST asking Billing software code is straightforward asking computer code accustomed to producing and sending invoices to customers for your company’s product and services. Invoicing software will with efficiency track incoming payments, inventory, accounts, and purchases. you’ll be able to choose from online and offline billing Software codes that supported your business desires. Learn additional regarding consecutive generation asking computer code with GST. Businesses would like a straightforward and correct GST asking computer code to record all transactions in one place. this permits them to grow their business by following performance and creating economical selections supported by transactional knowledge. High knowledge security in GST accounting with automatic tax ripping may be achieved in associate accounting resolution while no further effort if you have got GST accounting Billing software.

free Download Billing Software

 Do you work as a tax advisor? Are you a CPA filing GST returns and managing bookkeeping for multiple companies? If yes, then the best guide for you is a GST filing software that will help to fulfill the tax compliance and accounting activities in a timely manner.

Output Books GST compliant software greatly assists Competent Authorities, Tax Advisors and business professionals in performing all GST (Goods and Services Tax) related functions such as:

Output Books is simply the all-in-one GST solution that brings together all required GST functionality in one environment and one login. As a CA, you can manage all your customers centrally under one roof. With no hassle, you can submit GST returns straight from the ledgers for all your customers.

Do you work as a tax consultant? Are you a CPA filing GST returns and managing bookkeeping for multiple companies? If yes, then the best guide for you is a GST filing software that will help you to do accounting and tax compliance activities in a timely manner.

Output Books' GST compliant software greatly assists Competent Authorities, Tax Advisors and business professionals in performing all GST (Goods and Services Tax) related functions such as:

Output Books is simply the all-in-one GST solution that brings together all required GST functionality in one environment and one login. As a CA, you can manage all your customers centrally under one roof. With no hassle, you can submit GST returns straight from the ledgers for all your customers.

gst filing software for auditors

Features that benefit certification bodies and tax professionals

Output Books automatically calculates GST tax, creates business/financial reports, GST refund reports, controls inventory, etc. to make your job easier and you can focus more on growing your customers' business. The main characteristics of the beneficiaries are listed below:

Submission of GST declaration

Automated generation of GST returns allows you to timely submit GST returns including GSTR-1, GSTR-3B, GSTR-4, GSTR-9 in the GST portal. Electronic filing is so easy that you can export GST reports directly as a JSON or CSV file and upload them to the GST portal for all your customers.

Matching GSTR-2A with purchases

Simple GST 2A reconciliation with purchases helps automatically identify matches and discrepancies in entries so you can edit or approve discrepancies and submit GST returns. You can easily claim 100% of the input tax deduction with arbitration.

GST billing

Create sales invoices, estimates and purchase invoices for your customer's business with end-to-end GST compliance. You can choose any invoice template, customize it as you like, add your client's branding logo and issue it as a professional invoice. The advanced accounting features in Output Books meet all your GST accounting needs.