Electronic Invoice (E-Invoice) System rollout under GST

Electronic Invoice (E-Invoice) System roll out under GST

Offshore access to IRP :

Can a foreign service provider integrate with IRP: Yes, but only from within the land, as opposed to the sea of India.

where can the integration specifications be found:  They will be available through links on the gst.gov.in website.

is GSP the right party to integrate against? What are GSP’s responsibilities and liabilities in such setup towards the private service provider: GSPs are not the only entities who will be provided the API access. It will be widely made available to businesses of their software service providers.

ASP

What is the definition of this and how can one become ASP: ASPs are software service providers who route their GST traffic through GSPs. Any software provider of financial services in the indirect tax domain can push data to the GST system through GSPs.

IRP

What indicates for the supplier (and respectively) buyer that IRP has approved the e-invoice: The IRP will respond with a signed IRN to the seller. IRP will also return a QR code, with digital signatures of the IRP.

IRP Validations

 Can IRP reject the submitted invoice;  IRP will validate for GSTIN existence (of seller and buyer) and de-duplication of the invoice. be returned to the supplier Error codes.

Changes in law / Rules :

In the current legislation, it is required to issue invoice triplicate for sale of goods and invoice duplicate for sale of services.

Invoice PDF

 QR code will provide the requisite and relevant information about the invoice.

PDF will not be returned by IRP.

PDF can be generated by the seller using the signed QR code that will be returned by the IRP.

The machine readability will eliminate the need for printing. Moreover, the QR code will enable us to validate the important contents of the invoice as registered by the IRP.

Other Documents

ISD invoice and ISD credit note are the documents issued by the input service distributor; therefore, IRN will also be required on these documents as per provisions of the law.

The creator of the document is required to generate the e-invoice. Hence the bill of entry generated by customs on import of goods is not required to obtain IRN.

Business Query

The large taxpayers can convert the signed e-invoice from the IRP into a PDF and send these PDFs or printouts, or as they are conducting their business, to their small buyers.

E Way Bill

Yes, the seller is free to use his business flow/process as he is currently doing, by using the e-invoice schema. The IRP’s QR code has to be in the e-invoice, as it validates the invoice. If the seller wishes to place more than 1 QR code, then he needs to properly annotate them to clarify which is which.

E-commerce

It has been made mandatory in the e-invoice schema.