Simplifying the concept of e invoice under GST 2024
13/04/2024 Others
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Description
In India, the concept of e invoice under GST denotes electronic invoicing defined by the Goods and Services Tax (GST) law. An electronic invoice, also known as an e-invoice, is a digital document that is shared electronically between a customer and a supplier and is verified by the government tax portal.
Business-to-business (B2B) invoices are digitally created in an e-invoicing format and verified by the Goods and Services Tax Network (GSTN) under the proposed e-invoicing system. This method makes sure that all companies transmit invoices to the GST portal using the same format.
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