An e-Invoice is an electronic invoice structured in a pre-defined visual representation for a B2B business invoice. All the B2B businesses with an aggregate turnover over ₹20 Cr (according to the current guidelines) must generate e-Invoices for all the outward supplies processed. With the introduction of automated e-Invoicing, businesses can pre-populate the returns for filing purposes and get rid of reconciliation challenges. Businesses can do this by sharing invoice data to the GST system via IRP (Invoice Registration Portal) through a GSP (GST Suvidha Provider) for validation.
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