E-invoicing under GST: Everything a business needs

Shafiur Rahman
5 min readJan 30, 2023

The exchange of invoice documents in an integrated electronic format between a supplier and a buyer is known as electronic invoicing or GST-compliant e-invoicing. As India advances toward full digitalization, the Indian government declared on October 20, 2022, that enterprises with revenues exceeding Rs. 10 crores must submit electronic invoices. The government will soon reduce the bar for requiring e-invoicing for all enterprises.

Who needs E-Invoicing under GST?

From October 10, 2022, businesses having a yearly revenue of over 10 crores are eligible for e-invoicing under GST (Goods & Service Tax). It is also claimed that in the near future, all businesses with annual revenues of Rs 5 crore or less must begin preparing for e-invoices.

Documents required for E-Invoicing under GST

The following documents must be uploaded by the taxpayer to the IRP system-

  • Invoice by supplier
  • Debit note by a supplier
  • Credit Note by a supplier
  • Any additional documents mandated by law are to be uploaded to the IRP system by the taxpayer.

Benefits of E-invoicing under GST

E-invoicing under GST has several benefits, a few of them are:

Precise Tracking:

The e-invoicing technology makes it easy to track bills in real-time. This involves monitoring supplier-created bills. As a result, input tax credits can now be made accessible more swiftly.

Higher Compliance

An e-invoicing system is more than just a platform for filing digital invoices. It also enables a higher level of compliance with ease.

Easy E-way bill Creation:

An e-way bill can be easily created using e-invoicing since all the taxpayer needs to do is update the vehicle details. The details in Part-A of the e-way bill are automatically filled up when an e-invoice is authorized through the GST website.

Reduced Risk:

Real-time data access will lessen the likelihood of invoice manipulation because invoices will be produced before a transaction is completed. Only legal ITC may be claimed, thereby limiting the use of false GST invoices. It is easier for the tax authorities to spot phony input credits because the specifications of the output tax and input tax credit are readily available.

One-time reporting:

Under e-invoicing, B2B invoices only need to be reported once, and the Invoice Registration Portal (IRP), which authenticates the invoice and assigns the Invoice Reference Number, will do so (IRN). Following login, the data will automatically populate the GSTR-1 return. As a result, less manual reporting is done now than was previously done.

Green initiative:

You can save costs associated with paper-based procedures while also becoming energy-efficient and reducing waste.

How to create an E-invoice on Swipe in 10 seconds?

You can create E-invoices easily on Swipe — India’s #1 GST Invoicing & Billing software

Step 1: Open Swipe, Go to sales, and click on “Create Invoice”.

Step 2: Add the customer details.

Step 3: Add the products to the invoice.

Step 4: Add other details like Bank, notes/ terms, signature, etc.

Step 5: Click on save and your invoice is created on Swipe.

Now, from the drop-down select “Create E-Invoice”.

That’s it. You have successfully created your e-invoice just with One-Click on Swipe.

This E-invoice will also reflect immediately on the E-Invoice portal.

Why do businesses need Swipe?

Swipe is a fintech SAAS startup with the fastest growth in India. 4L+ SMEs adore and employ its straightforward Invoicing, Payments & GST software. It quickly expanded to more than 5000 cities and attracted clients from all across India. It is renowned for its simplicity, usability, and high-priority customer care in all regional languages, including Tamil, Telugu, Kannada, Marathi, Bengali, Gujarati, and Hindi, among others.

With Swipe, you can,

1. Easily Create Invoices, POS, and Estimates in less than 10 seconds.

2. Select multiple invoice templates and customize them easily

3. Share invoices with customers via WhatsApp and Email

4. Collect payments using UPI (QR Codes), payment gateway, and track status

5. Generate GST, Profit & Loss, and 30+ Reports for instant tax filing — monthly/quarterly

5. Manage Inventory in real-time.

6. Record expenses easily.

7. View business metrics and analytics

8. Set up Online Store in 5 minutes

9. Add multiple users & roles access.

10. Create E-way bills on the go.

11. Create GST E-Invoices in one click.

12. Create Export/ Multi-currency/ SEZ invoices

13. SMS/Email campaigns

14. Multilingual Customer Support (Assamese, English, Hindi, Tamil, Telugu, Kannada, Bengali, Malayalam, Gujarati)

15. Upload unlimited Products, Customers & Vendors in bulk.

16. Create subscription/ recurring invoices, multiple price lists, POS billing with barcodes & much more!

Frequently Asked Questions (FAQs)

  1. Who needs to use Swipe E-invoicing?

Swipe E-Invoicing software is designed for all types of SMEs with 10 cr+ in annual revenue. Businesses seeking an easy-to-use electronic invoice system to submit their invoices. E-invoicing will be available to companies with annual sales of $5 billion. GST compliance is entirely met by Swipe software.

2. Do I have to log in to the E-Invoice portal every time to create an E-Invoice?

No, you only need to log in once to connect the E-Invoice gateway to your Swipe account. Once the E-Invoice system is connected, you may quickly create and upload an electronic invoice.

3. Can I edit a GST E-Invoice?

No, GST E-Invoice cannot be edited after creation.

4. Can I cancel an E-Invoice?

GST E-Invoice can be canceled only within 24 hours of creation.

5. Is it possible to generate an invoice for a previous date?

There is no time limit or period in which an invoice must be generated. It is recommended, however, to create an E-Invoice on or after the invoice date but before filing GSTR-1 returns.

6. Does my data on Swipe web sync to Swipe mobile app?

Yes, if you have used the same mobile number to login to Swipe on both mobile app as well as the web. All your data including invoices created, customers added, items added etc. will be synced.

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Shafiur Rahman

Shafiur is a professional blogger and eLearning & SaaS Industry Specialist.