E-invoicing Software Provider in India
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 e-Invoice Applicability
E-invoice mandatory for turnover above 5 crore from January 1, 2023
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.
Benefits of E-Invoicing
1. Cost reduction
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.
2. Enhanced compliance with enhanced processing accuracy
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.
3. Quicker invoice processing
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.
4. Invoice automation
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.
5. Enhanced security and compliance:
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.
Cost of E-Invoicing Software in India
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.
Futureproof Your Compliance
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.
- Easily follow regulations for e-invoice exchange and tax reporting in India
- Get updates to help your business maintain compliance with new e-invoicing requirements as they're enacted
- Keep your operation running smoothly and grow overseas without e-invoicing regulations holding you back
Simplified GST Filing, Save On Costs & Boost Efficiency
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.
- Save on printing, postage, invoice handling costs, and e-invoicing research and consultancy fees
- Cut back on data entry mistakes by using automated invoice data transmission
- Speed up order-to-cash and procure-to-pay processes, and get early payment discounts and fewer days sales outstanding (DSO)
Advanced Features To Make Your e-invoicing process simple & smooth
Upload e-Invoice directly
Directly upload multiple invoices to IRP (Invoice Registration Portal) through GSTN portal without visiting any other sources & instantly file GST returns
Auto- Reconciliation
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
Advance Data Validation
Marg ERP automatically validates your data to identify errors, violations, incorrect entries & missing mandatory fields to ensure 100% compliance of legal accuracy
Generation of QR Code
Generate QR Code to provide information about a particular invoice in a quick manner, without retrieving from any external sources
Eway Bill Generation
Generate & directly upload Single/ Bulk E-way bill with JSON File on the portal & reconcile automatically With Gtech Software
Track e-Invoices
Generate, print and track e-Invoicing in real-time as per the proposed format. Get end-to-end assistance for filing GST returns
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How e-Invoicing Under GST Works
Frequently asked questions
What is The Limit For E-Invoice In GST?
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.