After lowering the e-invoicing threshold for companies with AATO above Rs. 10cr, the government has now enabled the voluntary enablement e-invoicing for FY 2022-23.
The E-invoice System will not accept the 4-digit HSN codes within a few weeks. The date for blocking e-Invoice generation having HSN code as 4-digits will be intimated shortly on the portal.
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