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NIC introduced the GePP (GST E-Invoice preparing and Printing) Tool, which is an excel based tool for all those taxpayers who do not have any ERP solutions.
What is NIC-GePP (GST E-Invoice preparing and Printing) Tool?
NIC introduced the GePP (GST E-Invoice preparing and Printing) Tool, which is an excel based tool for all those taxpayers who do not have any ERP solutions. Using the NIC-GePP tool, a taxpayer can easily prepare GST e-invoices by just entering invoices in a user-friendly excel form. Moreover, the taxpayer can print the e-invoices with QR code through the GePP tool after downloading the IRN via the e-invoicing portal. Read more here - https://bit.ly/3mz45eE
E-Invoicing Vs Digitally Signed Invoicing: Know The Difference... | PKI Blog
As per notification 88/2020 -Central Tax dated 10th November 2020, All Registered persons (GST taxpayers) having an aggregate turnover above Rs. 100 crore in a financial year and Supplying goods and services to another registered person (also known as B2B supplies) is required to mandatorily issue an electronic invoice (commonly known as e-invoice) with effect from 1st January 2021 (https://einvoice1.gst.gov.in/Notifications/notfctn-88-central-taxenglish-2020.pdf).
E-Invoice will be a paradigm shift in the way the industry carries out invoicing and related activities. It will be a big leap forward in the digitization of the indirect tax structure, post introduction of GST almost three years back.
What is e-invoicing?
In ‘e-invoicing’, the invoice will be prepared after obtaining an Invoice Reference Number (IRN) by uploading specified particulars (in FORM GST INV-01) in the notified Invoice Registration Portals (IRP). E-invoicing does not mean the generation of invoices by a Government portal. E-invoicing facilitates invoice document exchange (structured invoice data) between a supplier and a buyer in an integrated electronic format.
Process of e-invoicing:
Registered persons will continue to create their GST invoices in their own Accounting/Billing/ERP Systems. These invoices are then reported in ‘Invoice Registration Portal (IRP)’. On reporting, IRP returns the e-invoice with a singular ‘Invoice Reference Number (IRN)’ after digitally signing the e-invoice and adding a QR Code. Then, the invoice is often issued to the receiver (along with QR Code).
What is a digitally signed invoice?
Digital Signature Certificate (DSC) is a means of electronically signing documents to verify the authenticity of the person signing the document. A Digital signature can be a substitute for a physical handwritten signature.
Advantages of Digitally Signed invoice:
• Business partners can submit a soft copy of e-invoice (having digitally signed) to customers for faster processing and payment release.
• No need to deliver a hard copy of the invoice to the customers.
• Cost savings in terms of courier and postal charges
Disadvantages of not having digitally signed invoice:
• One must submit and deliver a hard copy of the invoice to customers.
• Delay in payment release till the time original invoices are received by the customers.
• Extra cost burden related to printing, courier, and snail-mail delays and costs.
JNR Management is one of the best
digital signature solution providers
in Delhi which helps you provide the right solution for your digital signature needs. JNR Management Resources Pvt. Ltd. has been a foremost player in the PKI industry for decades, catering to cutting-edge IT security solutions to safeguard government, enterprises, and other financial organizations. Moreover, our platinum partnership with DigiCert (formerly Symantec) and other renowned OEMs has further inspired us to do more in the industry, which has given new heights to our transcendence. We enjoy the honor of being acknowledged as a “Platinum Elite” certified partner of DigiCert in India & South East Asia.
https://www.jnrmr.com/blog/e-invoicing-vs-digitally-signed-invoicing/
Get your documents digitally signed easily in Delhi/Ncr,India.
When in terms of business, going paperless can be the way to expand productivity that will in the long run increment deals, Refrain the hassle of paperwork, which was never convenient in the history of mankind. Just like other things, signatures are also going paperless, and paperless signing or Document Signing are accomplished through Digital Signing. Now what next let’s talk about Digital transformation through Document Signing, as name states Digital transformation refers to society’s move to digital technology. The term is to a great extent used to refer to digital business change: the procedure of a business essentially changing its activities to take full leverage of Digital technologies.
Documents, pdfs,contracts, invoices,purchase order , challans signing solutions
Paygle Integrates with Xero Accounting Software | Paygle.com
Paygle Integrates with Xero Accounting Software | Paygle.com
Stefan Grammenos, the CEO and founder of Paygle.com, announced this week that Paygle has finalised integration with Xero accounting software for its B2B customers. This will facilitate Paygle cloud based B2B invoices, receipts and statements for Paygle business partners and their customers. The first 6,000 plus customers to use the new B2B document facility will go live in the next few weeks,…
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