Genius Technology is a leading e-invoicing software provider in Kolkata, India that offers cutting-edge solutions to help businesses streamline their billing and payment processes. It is a Kolkata based Company, having full control of Accounting Software with maximum level protection.Our E-Invoice Software is a one-stop e-invoicing solution that can integrate with your billing systems seamlessly in multiple ways and generate IRN with zero disruption to your business.
The Goods and Service Tax Council has made it mandatory for businesses with an annual turnover of over ₹ 5 crore to move to e-invoicing from year 2023. Businesses will have to generate electronic invoices for business-to-business (B2B) transactions starting January 1, 2023.
Earlier, businesses having turnover of ₹ 10 crore and above were required to generate e-invoices for all B2B transactions.
As discussed previously, manual invoicing takes a lot of paperwork before everything is authorized and validated. With e-invoicing, paperwork is reduced, which brings down the cost of the paper significantly.
Processing manual or paper-based invoices takes time and is prone to human errors. With e-invoicing, human intervention is reduced to a large extent, removing the probability of errors. Moreover, the global standards and regulations are always followed with e-invoicing.
The e-invoicing software applications are used to process the e-invoices. The applications are designed in a way to make the processing faster. With traditional invoices, an employee must verify all the details manually.
Since the advent of technology, humans are trying very hard to automate everything they can. So why not invoices? With e-invoicing tools, invoices are generated as soon as an order confirms.
E-invoicing software can improve security and compliance by providing secure and auditable electronic records of invoices and payment transactions. This ensures that businesses comply with relevant regulations and standards, such as tax and audit requirements.
Our software is competitively priced and provides an easy-to-use invoicing solution for businesses of all sizes. Our software provides a seamless invoicing experience that is both cost-effective and compliant with the latest regulations. Our software is designed to simplify your invoicing process and ensure compliance with the latest regulations. With our competitive pricing and advanced features, you can streamline your invoicing and boost your business productivity.
Not complying with e-invoicing regulations can lead to fines and audits. Gtech e-Invoicing is designed to simplify e-invoicing compliance — now and in the future — to help you limit these risks for your business.
Gtech E-Invoice is built-in with generation of ready-to-upload JSON/excel/csv files for your regular GST returns like GSTR-1, GSTR-2, GSTR-3B. You can also perform reconciliation of input tax credit (ITC) as per your credit lying in GSTR-2A and GSTR-2B.
Directly upload multiple invoices to IRP (Invoice Registration Portal) through GSTN portal without visiting any other sources & instantly file GST returns
Upload B2B transaction invoices on GSTN portal electronically & the details will get auto-populated in GST ANX-1 and GST ANX-2 With Gtech Software
Marg ERP automatically validates your data to identify errors, violations, incorrect entries & missing mandatory fields to ensure 100% compliance of legal accuracy
Generate QR Code to provide information about a particular invoice in a quick manner, without retrieving from any external sources
Generate, print and track e-Invoicing in real-time as per the proposed format. Get end-to-end assistance for filing GST returns
E-invoicing also known as electronic invoicing; is a system in which all B2B invoices are electronically uploaded and verified by the designated portal. Once authentication has been completed, a specific Invoice Reference Number (IRN) and QR code are generated and must be printed on the invoice. The software on which we do all these processes is called e-invoicing software.
Currently, the limit for E-invoice in GST is 10 crore. However, the yearly turnover requirement for e-invoices has been decreased to 5 crores. Businesses with a yearly revenue of more than 5 crores are required by the Goods and Service Tax Council to switch to e-invoicing as of the following year.