How to Implement E-Invoice in Marg ERP?
This video is to help Marg ERP - Xtreme Softwares users to understand e-Invoicing and its Implementaion in Marg ERP.
What is e-Invoicing ?
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 10 crores or above that, are required to upload their e-invoices on the GST portal.
E-invoice for turnover morethan 10 crores is going to be mandatory from 1st October, 2022.
For further detailed information, kindly watch the video, or contact us at the following number.
Xtreme Softwares Team