Ever since the concept of e-invoicing was approved by the GST council, Introduction of e-Invoice was approved by GST council in its 37th meeting held in the month of September,2019 with the key objective to ensure inter-operability of e-invoices across the GST eco-system.
UctoX 2 is an invoicing app that allows you focus on your work and less on the bureaucracy behind invoicing. UctoX comes with 3 different print templates - yet, it includes a full-featured template editor to create your own templates. Besides invoicing, UctoX can handle bank statements, cash register revenue, journey log, storage, and much more. Totals is a full-featured invoice application for SOHO or business users. Designed from scratch for the power and beauty of the Mac OS, it makes life easy for its users. Totals is a combination of powerful features and a simple user interface. UctoX is an easy-to-use macOS app that can not only help you manage invoices, but also cash registers, investments, inventory, journey logs, contacts and much more. It also enables you to create personalized invoice templates, unique to your company. Support for numerous encrypted user accounts. Go mobile with your pest control office. Full featured app allows technicians to manage their route from the comfort of any mobile device. Get address information, directions, phone numbers, notes, invoice information and more. Record chemicals used, status, completion notes. Integrates with PestRoutes.
In this article, let’s discuss and understand everything about e-invoicing under GST.
Q. Which businesses are liable to generate e-invoices now?
Ans. Only taxpayers with aggregate turnover (based on PAN) in a financial year exceeding ₹500 crore have to generate e-invoices for B2B transactions.
Q. Who are exempted to generate e- invoices?
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Ans. SEZ units, Insurance banking (including NBFCs) goods transport agency (transporting goods by road in goods carriage), passenger transport services multiplex cinema admissions and Whose turnover is less than Rs 500 crore.
Q. When will e-Invoicing get implemented in India?
Ans. It has been notified that e-Invoicing will be implemented in India from 1st October 2020 onwards.
Procedure for generation of E-Invoice under GST:
Businesses must generate the e-invoices in the standard format (JSON) prescribed by the GST Network.
After the generation, the invoice (JSON format) will be updated on the Invoice Registration Portal (IRP) either directly or through third party provided apps.
The IRP will assign an IRN to the invoice and digitally sign it.
Following this, the IRP will generate a QR code containing the important information of the invoice.
Finally, the e-invoice will be emailed to the seller and the recipient of the document.
Q. Can an E-invoice be cancelled fully/ partially?
Ans. An invoice and be not be cancelled partially but can be cancelled fully it must be reported within 24 Hrs.
Q. Will there be a facility for e-invoice generation on the common GST portal?
Ans. No, invoices will continue to be generated on the individual ERP softwares that are currently in use by businesses.
Q. Will the bulk-uploading of invoices for generation of IRN be possible?
Ans. No, invoices must be uploaded one at a time into the IRP. The ERP of a company will need to be designed so that it can place the request for the upload of individual invoices.
Q. How can an e-Invoice be amended?
Ans. All amendments to an e-Invoice can be made only on the GST Portal.
Q. What are the advantages of E- invoicing?
Ans. E-invoice has many advantages for businesses such as standardisation, inter-operability, auto-population of invoice details into GST return and other forms (like e-way bill), reduction in processing costs, reduction in disputes, improvement in payment cycles and thereby improvement in overall business efficiency. Updating GST Returns also saves lot of time, human errors for data entry and also avoids major reconciliation issues.
If there any query you can contact me on 9560698748 or Mail [email protected].
2020-09-10 14:53:39 • Filed to: Business Tips • Proven solutions
Regardless of whether you’re a web developer, web designer, or an online marketing expert, starting on your own road as a self-employed professional is bound to require learning more about how to deal with people and how to select the best apps for your business.
There are dozens of free invoice apps, but it takes a discerning individual to know which of these are the best free invoice apps available. Pins 2 0 8 download free. Selecting an invoice maker app for free is one of the best ways to start, as it not only keeps your costs low but can help to keep your invoices in order and get you started on a path towards personal freedom.
With that in mind, here are the top five free invoice apps.
5 of the Best Free Invoice App
1. PDFelement for iOS
If you’ve ever used accounting software before then PDFelement for iOS will be a breeze to understand. Whether you happen to excel at accounting or find it hard to stomach this invoice app will provide you with the needed tools to ensure that it will be worth your time.
The transition from other programs to this one is simple and very easy to comprehend. From its custom dashboard to the brilliant visualizations it offers, it would be difficult to find an accounting app that could make your time any less of a hassle. It can suit your needs on the go or at home depending on your current needs, and very simple to install and navigate.
PDFelement for iOS is one of the easiest, most problem-free apps on the market today.
2. Invoiceable
Despite being new and still needs a few kinks worked out of the system, Invoiceable is gaining a great deal of traction as one of the greatest go-to online invoicing websites. When you take a good look at its ability to manage clients and create custom invoices to fit the needs of individual businesses it is no wonder why.
Invoiceable will only charge you if you want to personalize your account with a custom domain. This is no doubt one of the absolute best services available.
3. Hiveage
In the past CurdBee was slightly less workable and thus needed a face and feature lift, thereby reconditioning it and giving birth to Hiveage. Much like Invoiceable, this client and invoice manager does not have a set monthly limit for the number of invoices that you can create and manage with its free version.
It is also fully compatible with PayPal and Google Wallet to add to its overall convenience. If you’re wanting to do your invoicing on the go this intuitive web interface is extremely mobile-friendly and can perform wherever you need it to do depending on service availability.
If you do choose to upgrade to gain its additional features you will be able to customize your service to what you need so you can avoid paying for any features you might not use on a regular basis.
4. Wave
Wave is one of the closest invoice maker apps to being able to say that it is the most full-featured accounting and invoice service. This service is free and is geared specifically designed to help small businesses, entrepreneurs, and freelancers alike.
And apart from being free, as has already been mentioned, it is free with absolutely no catch. You can use this as your business invoicing and accounting software all at once, as it will separate the two on the same account. It also securely integrates your bank account and online payment services.
You can also view accounts and reports, create and send invoices, and scan in receipts as needed.
5. Ronin
With this app, your clients can approve or ask for revised estimates with just one click. This app is extremely convenient for small businesses and can convert approved estimates into projects which can then be securely invoiced.
The beauty of Ronin’s design is that it is built for teams of one to large agencies, making it entirely adaptable and capable of evolving to fit the need of an individual or a group. It can also track time and help to collaborate on projects, and the role-based permissions make it a great deal easier to limit access to crucial financial information.
This simple but powerful app is very big on features and thankfully short on complexities, making it entirely user-friendly.
Free Download or Buy PDFelement right now!
Free Download or Buy PDFelement right now!
Buy PDFelement right now!
Buy PDFelement right now!