{"id":8511,"date":"2019-11-26T11:32:02","date_gmt":"2019-11-26T11:32:02","guid":{"rendered":"http:\/\/www.plyinsight.com\/?p=8511"},"modified":"2019-11-26T11:34:26","modified_gmt":"2019-11-26T11:34:26","slug":"electronic-invoicing-in-gst-from-1st-january","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/electronic-invoicing-in-gst-from-1st-january\/","title":{"rendered":"Electronic invoicing in GST from 1st January"},"content":{"rendered":"<h3 style=\"text-align: center;\"><span style=\"color: #008000;\">Electronic invoicing in GST<\/span><br \/>\n<span style=\"color: #008000;\">from 1st January 2020<\/span><\/h3>\n<p>The GST Council has approved introduction of &#8216;E-invoicing&#8217; or &#8216;electronic invoicing&#8217; in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January 2020 on a voluntary basis. Since there was no standard for e-invoice existing in the country, standard for the same has been finalized after consultation with trade\/industry bodies as well as ICAI after keeping the draft in public place. Having a standard is a must to ensure complete interoperability of e-invoices across the entire GST eco-system so that e-invoices generated by one software can be read by any other software, thereby eliminating the need of fresh data entry \u2013 which is a norm and standard expectation today. The machine readability and uniform interpretation is the key objective. This is also important for reporting the details to GST System as part of Return. Apart from the GST System, adoption of a standard will also ensure that an e-invoice shared by a seller with his buyer or bank or agent or any other player in the whole business eco-system can be read by machines and obviate and hence eliminate data entry errors.<\/p>\n<p>The GST Council approved the standard of e-invoice in its 37th meeting held on 20th Sept 2019 and the same along with scheme has been published on GST portal. Standards are generally abstruse and thus an explanation document is required to present the same in common man&#8217;s language. Also, there are lot of myths or misconceptions about e-Invoice. The present document is an attempt to explain the concept of e-invoice, how it operates and basics of standards. It also contains FAQs that answer the questions raised by people who responded to the draft e-invoice standard used for public consultation. It is expected that the document will also be useful for the taxpayers, tax consultants and software companies to adopt the designed standard.<!--more--><\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #008000;\"><strong>\u0905\u0927\u093f\u0915\u093e\u0930\u093f\u092f\u094b\u0902 \u0915\u0947 \u0938\u093e\u092e\u0928\u0947 \u092c\u093f\u0928\u093e \u0906\u090f \u0908-\u0906\u0915\u0932\u0928 \u0936\u0941\u0930\u0942 <\/strong><\/span><\/h3>\n<p>\u0906\u092f\u0915\u0930 \u0935\u093f\u092d\u093e\u0917 \u0928\u0947 \u092c\u093f\u0928\u093e \u0938\u093e\u092e\u0928\u0947 \u0906\u090f \u0908-\u0906\u0915\u0932\u0928 \u092a\u094d\u0930\u0923\u093e\u0932\u0940 \u0915\u0947 \u091c\u0930\u093f\u092f\u0947 \u0930\u093f\u091f\u0930\u094d\u0928 \u0926\u093e\u092f\u0930 \u0915\u0930\u0928\u0947 \u0915\u0940 \u092a\u094d\u0930\u0924\u094d\u092f\u0947\u0915 \u0936\u094d\u0930\u0947\u0923\u0940 \u092e\u0947\u0902 58,322 \u0935\u094d\u092f\u0915\u094d\u0924\u093f\u092f\u094b\u0902 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\u0915\u0930\u0947\u0917\u0940\u0964<\/p>","protected":false},"excerpt":{"rendered":"<p>Electronic invoicing in GST from 1st January 2020 The GST Council has approved introduction of &#8216;E-invoicing&#8217; or &#8216;electronic invoicing&#8217; in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January 2020 on a voluntary basis. Since there was no standard for e-invoice existing in the country, standard [&hellip;]<\/p>","protected":false},"author":1,"featured_media":8513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55,302,303],"tags":[],"class_list":["post-8511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-november-articles-2019","category-november-news-2019"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Electronic invoicing in GST from 1st January - PLY INSIGHT<\/title>\n<meta name=\"description\" content=\"The GST Council has approved introduction of &#039;E-invoicing&#039; or &#039;electronic invoicing&#039; in a phased manner for reporting of business to business (B2B)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/electronic-invoicing-in-gst-from-1st-january\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electronic invoicing in GST from 1st January - 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