e-Invoicing under GST – What is e-Invoicing ? Implementation in Marg ERP [Hindi]
Electronic Invoicing (e-Invoicing) is a system in which Business-to-Business (B2B) invoices, Export invoices, and Invoices of Credit/Debit Notes of Registered parties are validated electronically by GSTN for further use on the common GST portal. The main objective behind the introduction of e-Invoicing by the tax departments is to ease the whole process of invoicing i.e., to reduce all the reconciliation problems related to data and auto-populate the returns that will help the taxpayers to easily get the Input Tax Credit. The government has made it mandatory for businesses whose turnover is 5 crores or above that, are required to upload their e-invoices on the GST portal. This is going to be applicable from 1st August 2023. For further detailed information, kindly watch the video, subscribe to Marg Tutorial YouTube channel and press the bell icon to stay updated with our latest videos or you can also contact us. Give a Miss Call for Demo: +91 9999 999 364 For Support: +91-11-30969600, +91-11-66969600 Online Help Solution: care.margerp.com YouTube: www.youtube.com/margtutorial Website: www.margerp.com
