Quick Summary
GST e-invoice system completed journey of 3 months; Enabled more than 37000 tax payers to generate more than 1680 Lakh Invoice Reference Numbers (IRNs) 603 Lakhs e-invoices generated in December 2020 as compared to 589 lakhs in November 2020 GST e-invoice system, the game changer in the GST system, has completed journey of three months and has facilitated smooth transition of the tax payers to the new platform. It has enabled more than 37000 tax payers to generate more than 1680 Lakh Invoi
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FAQ :
Over 37,000 taxpayers have used the GST e-invoice system to generate Invoice Reference Numbers (IRNs).
More than 1680 Lakh IRNs have been generated through the NIC-developed e-Invoice system in the last three months.
E-invoice generation increased from 495 Lakhs in October 2020 to 589 Lakhs in November 2020 and 603 Lakhs in December 2020.
Common errors include repeated requests on the same document number, simultaneous requests on the same document number, and requests with validation or calculation errors.
The aggregate turnover cut-off for taxpayers to generate IRNs has been reduced to Rs. 100 Crores per annum from 1st January 2021.
NIC has developed an offline Excel-based tool called the NIC-GePP tool, which allows small taxpayers to prepare, upload, download IRNs with QR codes, and print e-invoices.
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