Blog updated on June 12, 2023
Over the past few years, the Government of India has been adopting e-invoicing to standardize how B2B invoices, B2G invoices, export sales, and sales falling under the reverse charge mechanism are recorded for taxation purposes. The latest announcement from CBIC mandates businesses and corporations with a turnover of ₹5 crores or more to generate e-invoices for all their required transactions starting 1 August, 2023.
At Zoho, we've always been at the forefront in helping Indian businesses digitally transform their back-office operations, while staying compliant. Our feat as winners of the AatmaNirbhar Bharat app contest stands testimony to this. In line with this, Zoho is now geared up to welcome the latest tax reform with a comprehensive e-invoicing system, right from day one.
Why you should use Zoho for e-invoicing
Here's how Zoho helps you stay e-invoicing compliant:
Adapting to a new system might seem like a daunting task, but e-invoicing with Zoho is a straightforward process. Zoho lets you create mandated documents like invoices, credit notes, and debit notes according to the e-invoicing schema, so you do not miss out on any key details. At the click of a button, you can push these details to the Invoice Registration Portal (IRP).
To generate multiple e-invoices at one go, you can even bulk push them to the IRP. Once pushed successfully, an Invoice Registration Number (IRN) and a QR code will be generated and added to your invoice within seconds.
Made an incorrect entry? Cancel your e-invoice in Zoho within 24 hours of generating the IRN, and it will be cancelled in the IRP automatically. Visit our help document to read more on how e-invoicing is effortless with Zoho.
Generate e-way bills along with e-invoices
For businesses that need to generate e-way bills, things just got a bit easier. Zoho automatically detects when you need an e-way bill for your invoice. You can push the e-way bill details along with your invoice, directly to the IRP from Zoho, cutting down the effort needed to generate an IRN and e-way bill separately.
View ITC details readily
As a buyer, you can check the Input Tax Credits (ITC) of the e-invoices you receive, right from Zoho. Since Zoho is a registered GST Suvidha Provider (GSP), you can connect to the GST portal and view your GST returns, including the GSTR-2A details, without logging in to the GST portal.
Which Zoho app should you choose?
Zoho offers e-invoicing in four apps. E-invoicing works the same in all of them, so you can choose whichever suits your business best.
- Zoho for accounting: If you're looking for an end-to-end e-invoicing and accounting solution, then the GST-compliant Zoho Books has you covered.
- You have your own ERP: If you already have an ERP in place, you can connect the e-invoices generated in any of our other apps (Zoho Inventory and Zoho Subscriptions) to your ERP with the help of our REST APIs.
Want to see it work?
If you're a Zoho user, you can go to Settings and enable e-invoicing. Once you connect to the IRP, you can start generating e-invoices right away. Check out our detailed help document (Zoho Books, Zoho Inventory) for more details. If you're new to Zoho, you can sign up for the 14-day free trial and see how e-invoicing works.
If you have any doubts or need clarifications on e-invoicing, feel free to reach out to us at email@example.com. We'll be happy to help!