According to CBDT 14.71 lakh crore rupee taxes were collected in the financial year 2022-23. This vast market of taxes attracts tax frauds. To prevent this and to increase the transparency e-Invoicing system has been introduced.
With the aim of simplifying invoicing and reducing tax evasion, this system has become an essential component for businesses. So, This blog will act as a guide to navigate through GST e-invoice registration and IRP.
GST e-invoice registration is the process of enrolling businesses onto the electronic invoicing system established by the Indian government. By registering for e-invoicing, businesses can generate and validate invoices electronically, ensuring compliance with GST regulations. This digital approach facilitates faster processing, reduces errors, and enables seamless integration with the GST network.
The Invoice Registration Portal (IRP) is the central platform that serves as the interface between businesses, invoice registration entities (IREs), and the GST system. It plays a crucial role in validating and authenticating invoices, generating unique Invoice Reference Numbers (IRNs), and creating corresponding QR codes. The IRP ensures the integrity and authenticity of e-invoices by validating them against the prescribed GST rules and formats.
Visit the official GST e-invoice portal or the specific portal designated for this purpose. You can find it by searching online or clicking here at the e-Invoice 1 portal .
If a taxpayer is already registered on the e-way bill portal, he or she can use the same login credentials to access the e-invoice portal.
If a taxpayer is not registered on the e-way bill portal, he or she must have a GSTIN and a mobile number registered with the GST system.
To register for GSTIN for the first time, you need to go to the 'Registration' tab. Look for the option called 'e-invoice registration' and click on it. This will take you to a form where you have to provide some information. First, you need to enter your GSTIN, Then, enter the captcha code displayed on the screen. After that, click on the 'Go' button to submit your request. Once you submit the request, you will be taken to the e-invoice registration form, where you can provide more details
After submitting the e-invoice registration request, you will see the applicant's details on the screen. These details include the applicant's name, trade name, address, mobile number, email ID, and other information that was provided during the GSTIN registration. To make sure these details are correct, you need to click on the 'Send OTP' button. An OTP will be sent to the mobile number you have registered. You should enter this OTP in the registration form and then click on the 'Verify OTP' button to confirm your identity.
Once the OTP has been verified successfully, the system will ask you to choose a username of your choice. The username should be between 6 and 15 characters long. After entering the username, you need to create a password. Make sure to choose a strong and secure password. Then, re-enter the password to confirm it. Once you have entered the password and confirmed it, click on the 'Save' button. Now, you have successfully created your credentials. You can use these credentials to log into the e-invoice system and access its features.
Upon successful completion of the registration process, you will receive a confirmation message containing your registration details.
With Swipe businesses can create e-invoices in a single click. Swipe, also helps businesses create and share unlimited invoices for free in less than 10 seconds. Swipe helps in tracking sales, inventory, customers, vendors, purchase orders, and setting up online stores.
Swipe has various features such as user-friendly interface, Customization of Invoices, Secure cloud storage, auto-payment reminders, and multiple payment gateways to help businesses.
Swipe also enables businesses to generate profit and loss statements, sales reports, and tax returns with a single click. Overall, Swipe assists business owners in gaining control of their operations. \With the numerous features Swipe helps in simplify invoicing, reducing errors and saving time.
Follow below steps to register Tera Software Limited as your GST Suvidha Provider(GSP) on EInvoice Portal
Login to E-Invoice Portal
On the left menu, click on API Registration > User Credentials > Create API User
Click on Send OTP and Verify yourself
Click the Add/New Button and Select Tera Software Limited in the GSP Name dropdown
Enter a 3 letter Suffix ID and a password. Re-enter the Username and Password and Click “ADD”
Congratulations You have successfully added Swipe as your GSP on e-Invoice portal.
In conclusion, GST e-invoice registration and the Invoice Registration Portal (IRP) are crucial components for businesses in India to streamline their invoicing processes and ensure compliance with GST regulations. By registering for e-invoicing, businesses can generate and validate invoices electronically, leading to faster processing, reduced errors, and seamless integration with the GST network. Utilizing Swipe as a GST Suvidha Provider (GSP) on the e-invoice portal can further simplify invoicing processes, reduce errors, and save time.
CBIC Guidelines on GST Registration
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