Скачать с ютуб Why was e-invoicing under GST introduced and what are its benefits? | Basics of GST e-invoicing в хорошем качестве

Why was e-invoicing under GST introduced and what are its benefits? | Basics of GST e-invoicing

In the third video of our e-invoicing masterclass series, we dive into the context of e invoicing to understand why it was introduced. We also talk about how implementing einvoicing can help businesses and also the government. Read more about: The basics of e-invoicing: https://www.zoho.com/in/books/gst/e-i... FAQs on e-invoicing: https://www.zoho.com/in/books/gst/faq... E-invoicing features: https://www.zoho.com/books/gst-articl... How e-invoicing in India might work: https://www.zoho.com/books/gst-infogr... Benefits of e-invoicing: https://www.zoho.com/books/gst-infogr... What is e invoicing? e invoicing in GST is a new system of reporting B2B invoices to the GST system for authentication purposes. Businesses have to upload their invoices to the Invoice Registration Portal (IRP) in JSON format. The IRP returns the necessary fields back to the ERP, or accounting platform for the invoice to be valid. When will it be implemented? e-invoicing in India is set to go live on October 1, 2020. Who does it apply to? einvoicing applies to taxpayers with an annual turnover of over 500 crores in the financial year 2019-20. What are the benefits of e invoicing? Interoperability between different accounting, invoicing and ERP software - Reduces data entry errors - More transparency in business transactions - Lesser time spent on filing GST returns and generating eWay bills - Reduces tax evasion How does Zoho Books help you with raising e invoices? Zoho Books, an accounting and invoicing platform, eliminates the need for external compliance solutions since it is a GSP and ASP by itself. Running your business becomes hassle-free with Zoho Books since it's connected with the IRP which enables seamless uploading of invoices to the portal. Zoho Books will be e invoicing ready once the IRP is made live. Sign up for a free trial now: www.zoho.com/in/books