GSTN has begun offering e-invoice registration services through a number of private IRPs as another move towards further digitizing the business process flow.
GSTN recently has onboarded four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition to NIC-IRP. IRIS is one of the first four chosen IRPs and will be available to generate IRNs via einvoice6.gst.gov.in.
IRIS had the privilege of being one of the sponsors of the Bharat Fintech Summit 2023, a premier event in the financial technology industry. The event provided an opportunity to learn from industry leaders about the latest trends in fintech.
IRIS, in association with Vayana, announces the launch of IRIS Peridot Plus, a revolutionary mobile app designed to help small businesses manage their finances with ease.
E-invoicing for B2B transactions: It is anticipated that the government would lower the e-invoicing threshold to Rs 1 crore in 2023, and that this will soon apply to all enterprises registered under GST
The impact of e-invoicing in India has been huge. It helped businesses and taxpayers alike by simplifying the invoicing process and improving the accuracy and authenticity of invoices.