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How To Create GST E-Invoice?

The system for generating the GST e-invoice will replace the e-way bill that is being generated for the movements of goods because the generation of invoices will be done by a centralized government portal. At present, the e-way bill is generated only for those moving goods which cost more than Rs 50,000.

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How To Create GST E-Invoice?

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  1. How to Get GST E-Invoice? GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal. The concept of the ​GST e-invoice ​generation system has been taken into consideration for the reduction in GST evasion. An official said that the businesses that will fall under a certain threshold will be given a unique number whenever an e-invoice will be generated. The businesses can match this number with the invoices which are written in the sales return and paid taxes for verification. Applicability of GST E-Invoice System

  2. ● It will be mandatory for the businesses to generate the entire ​GST e-invoice including all the value of sales. ● E-Invoicing Under GST Time Period with Business Turnover Conditions ● Turnover More Than 500 Crores – Start from 1st October 2020 Process to Generate GST E-Invoice The process of generating the GST e-invoice will be the same as the e-way bill which is generated on the https://ewaybill.nic.in/ portal or the GST payments done on the GSTN portal. The system for generating the ​GST e-invoice will replace the e-way bill that is being generated for the movements of goods because the generation of invoices will be done by a centralized government portal. At present, the e-way bill is generated only for those moving goods which cost more than Rs 50,000.

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