Real time IRN generation with Gofrugal e-invoicing software
There is no need for any other separate integration or add-on for e-invoicing when Gofrugal ERP is in action. With the integrated accounting software AccountsEasy, Gofrugal POS with an e-invoicing system eliminates the manual process of e-invoicing by directly connecting the POS with the E-Invoicing Portal (IRP) and generating the IRN and QR code.
1.5M+ IRNs generated through Gofrugal GST e-invoicing software
Gofrugal has eliminated our manpower costs incurred in doing manual conversion of invoices to e-invoices by automating e-invoice generation. Elimination of manual error is the key benefit that saves us a lot of time in reconciliation and error fixing.
Mr.Utpal, Senior Accountant
How to generate GST e-invoices?
Steps to generate e-invoice in the GST portal:
Step 1
The initial step in creating an e-invoice is to register in the government's GST portal
Step 2
The generated invoice must then be uploaded to the GST's Invoice Registration Portal (IRP) as the next step. The invoice uploaded in the standard format is checked and validated by this IRP system
Step 3
After validating the invoice using the IRP system, it generates an Invoice Reference Number (IRN) and Quick Response (QR) code. Each invoice for a B2B transaction will have a unique IRN generated, and the e-invoice can be downloaded with a digital signature, IRN, and QR code. The electronic invoice that is produced is utilized to create electronic waybills and to automatically fill out GST returns
How to generate GST e-invoices?
Steps to generate e-invoice in the GST portal:
Step 1
The initial step in creating an e-invoice is to register in the government's GST portal
Step 2
The generated invoice must then be uploaded to the GST's Invoice Registration Portal (IRP) as the next step. The invoice uploaded in the standard format is checked and validated by this IRP system
Step 3
After validating the invoice using the IRP system, it generates an Invoice Reference Number (IRN) and Quick Response (QR) code. Each invoice for a B2B transaction will have a unique IRN generated, and the e-invoice can be downloaded with a digital signature, IRN, and QR code. The electronic invoice that is produced is utilized to create electronic waybills and to automatically fill out GST returns
Top 3 reasons why your business needs Gofrugal e-invoicing software
Easy to Start
Setup e-invoicing within 5 minutes in 3 simple steps without any separate integration
Breezy to Generate
Generate e-invoices instantly during billing and track the entire journey with an efficient dashboard
Easy to Maintain
Maintain a complete record of IRNs generated over years in the cloud using GoSecure
Benefits of Gofrugal GST e-invoicing software
Instant generation of IRN and QR code while creating an invoice directly in the POS
Reduced process flow eliminating tangling steps of preparing, downloading, uploading, etc
Possibility of viewing the created IRN and QR code at any time, even after a certain number of days
Avoid mismatches and errors by directly posting the bills to IRP
Exclusive TFA portal to manage the pending, failed, and successful e-invoices
Dual validation from our POS as well as from our IRP eliminates manual errors and generates 100% tax-compliant invoices
Hassle-free Gofrugal e-invoicing software
e-invoicing was introduced to simplify the GST filing process for businesses and make them file it on time to reduce tax evasion. Gofrugal simplifies it even further with three simple steps using our e-invoicing solution.
Step 1: Enable e-invoicing in POS/ERP
Step 2: Register in the GST portal and generate API user login credentials
Step 3: Update API credentials in our Tax Filing Application portal
Step 1: Enable e-invoicing in POS/ERP
Step 2: Register in the GST portal and generate API user login credentials
Step 3: Update API credentials in our Tax Filing Application portal
That's it, now begin entering your bills and the e-invoice generates automatically
Key Features of e-invoicing software
Gofrugal POS/ERP guarantees tax compliance for your business by serving as a conduit between your business and the GST portal to automate tax posting and filing
Streamlined Approach
Live Tracking Dashboard
Print e-invoices instantly
Print in your own way
Smart validation in POS
Years of Back-ups!
Gofrugal is your one-stop solution for complete GST compliance
Bundled e-way bill with e-invoicing
By simply adding the extra information about the transporter, Gofrugal Tax Filing Application's (TFA) integrated solutions automate the preparation of e-way bills directly from e-invoices.
Simplified GST filing with Gofrugal software
The Gofrugal Tax Filing Application (TFA) comes with built-in functionality for creating JSON/EXCEL/CSV files that are ready to upload for your standard GST returns, including GSTR-1, GSTR-2, and GSTR-3B. Additionally, you can reconcile your input tax credit (ITC) as stated in GSTR-2A and GSTR-2B. Dashboards are available in our AccountsEasy software to examine your quarterly and monthly GST liabilities and ITC positions.
Audit Trail is not a Hail
Gofrugal billing and accounting software has the audit trail feature right from the beginning for recording the log of all actions that happen inside, which is now mandated by Ministry of Corporate Affairs (MCA) to all the corporates from 1st April 2023. Gofrugal ensures compliant all the times and offers Audit Trail with tamper proof end to end tracking and prevents fraud.
Overview of e-invoicing software
What is e-invoicing?
e-invoicing, or electronic invoicing, is the process of uploading all the B2B, SEZ, and export invoices into the GST-IRP portal in JSON format through authorized GSPs in order to generate the Invoice Registration Number (IRN) and Quick Response (QR) Code to validate the transactions in real-time and to automate the tax filing operations for a faster input tax credit.
What is the eligibility for e-invoicing?
There is no eligibility for businesses to generate e-invoices. Any legal business with a valid GST number can generate an e-invoice for the sale that happens.
To whom does e-invoicing apply?
From August 1, 2023, as per 6th phase of e-invoicing mandatory implementation, e-invoicing is mandatory for businesses whose aggregate turnover (all types of sales) cumulatively for a PAN exceeds Rs. 5 crore in any of the financial years from FY17-18.
What are the benefits of electronic invoicing software?
- Real-time tracking of tax-compliant invoices between Seller, Buyer, and Govt. authorities using unique identifiers like IRN and QR Code
- Faster Input Tax Credit through a seamless flow of ITC from a seller to a buyer
- One-time reporting and Auto-population to GSTR-1 and e-way bill
- Continue to provide required disclosures, you can have your own invoice format proving flexibility
- Reduction of manual mistakes by real-time GST portal validation
- Reduce frauds & manipulations (as immediate reporting to Govt) curbing Tax evasion
- Part of Go Green / Digital India initiatives towards paperless offices
What is Invoice Registration Portal (IRP) in e-invoicing?
The Invoice Registration Portal (IRP) is the gateway to which the invoices will be pushed for validating and generating the unique IRN and QR code by connecting directly with the GST portal.
What is an Invoice Registration Number (IRN) in e-invoicing?
The Invoice Registration Number (IRN) is the unique e-invoice number generated from the IRN portal and has to be printed on the e invoice given to the buyer.
What happens if invalid information is submitted to the IRP portal?
If invalid information is submitted to the IRP portal, it verifies the details against the GST portal, declines the request, and doesn't generate an IRN or QR code.
What is TFA?
Tax Filing Application (TFA) is Gofrugal's e-invoicing solution, which connects our POS/Accounting ERP and the Government's e-invoicing portal to automate the e-invoicing process for every transaction that happens.
What is the difference between an e-invoice and an e-way bill?
e-invoicing is the latest technology to ease the GST filing process for faster input tax credit and generate valid invoices, which automatically reflect in the GSTR-1 of the seller. E-way bill is the bill generated for transporting the goods from supplier to buyer, which is mandatory for transporting goods worth more than Rs. 50,000.
what is buyer POS in e-invoice?
The buyer's Place of Supply (POS) in the e-invoice is the buyer's location code where the goods are to be delivered. In the e-invoice, it is mentioned as "Place of Supply" (POS), whereas in GSTR-1 it will be mentioned as "Place_of_Supply_State_Code." While auto-populating e-invoice details in the GST portal, if the Place of Supply (POS) is updated correctly, it will be mapped automatically in GSTR-1.
What is the recent amendment in the e-invoice threshold limit?
Currently, the GST e-invoice limit is set to 10 crores. However, the threshold for e-invoices' minimum annual turnover has been lowered to 5 crores. There is currently no proposal before the government to lower this threshold limit to Rs 5 crore with effect from 01.01.2023, as no such recommendation has yet been made by the Goods and Service Tax Council.
What happens after the invoice is uploaded to the IRP?
Once the invoice is uploaded to the Invoice Registration Portal (IRP), the invoice details will be verified with the GST portal, and an e-invoice will be generated immediately with the Invoice Registration Number (IRN) and QR Code.
Can a taxpayer sign an e-invoice?
No, for e-invoices, a signature is not required as the invoices are immediately validated in the e-invoicing portal with the GST data. Also, as part of authentication and verification, an Invoice Registration Number (IRN) and QR code are affixed to the e-invoice.
Can e-invoices be generated in bulk?
Yes, e-invoices can be generated in bulk from Gofrugal ERP, which has integrated e-invoicing solutions. Also, Gofrugal helps businesses reduce the bulk conversion of invoices to e-invoices by converting all the invoices directly to e-invoices on the billing screen itself, eliminating the steps of downloading from ERP and uploading in the e-invoice portal.
How to find out if the e invoice is generated?
After uploading the invoice into the e-invoice portal, if the Invoice Registration Number (IRN) and QR code are generated, it confirms that the e-invoice is generated.
How to find out if the e-invoice generation is failed for a particular transaction?
If the invoice uploaded in the e-invoice portal has invalid or wrong information, the e-invoice portal will reject the generation of IRP and QR code and those invoices will be moved to failed tab, which can be rectified and uploaded again to the IRP portal and E-Invoice can be generated.
How to validate the authenticity of a QR code in an e-invoice?
The GST Department has provided an e-invoice QR code verification app, wherein the QR code can be scanned using the "Verify QR code" option to display the GST e-invoice details stored in that QR code. The signed JSON can also be uploaded in the same app using the "Verify signed e-invoice" option to verify its authenticity.
What happens if the data entered in the bill sent to IRP has invalid information in the bill?
In the manual method, if the data in the bill is incorrect and is uploaded in the IRP as a JSON file, it will be rejected immediately, mentioning the exact reason why it was rejected. Then, we need to rectify it, convert it to a JSON file, and upload it again in the IRP. But with Gofrugal's e-invoicing software, the Tax Filing Portal application directly shows the reason for rejection. If we rectify it in the ERP, we can push it back to the IRP in a single click without the effort of exporting and importing data between the two.
Is it possible to eliminate the multiple visits to e invoice portal for e-invoice generation?
Yes, Gofrugal ERP's e-invoicing software completely eradicates the need for JSON files by directly uploading the bills that are made in ERP to the e-invoice portal and generating the IRN and QR code. It can even be done in bulk directly from the e-invoicing software (Tax Filing Application).
Why is Gofrugal the best in E-invoicing solution?
Gofrugal's e-invoicing software can generate e-invoices effortlessly with no additional processing. It's developed with the goal of easing out the user's tax compliance journey with regular tax updates and future proof for tax amendment. Gofrugal provides the best user experience to the customers of any business vertical to simplify and reduce manual efforts and errors in their day-to-day journey by making them experience simplicity. This makes Gofrugal ERP the best e-invoice software.
How to download free electronic invoicing software from Gofrugal?
Gofrugal's free electronic invoicing software can be downloaded by clicking below.
e-invoicing software free download