Best E-Invoicing Software for Businesses in India

Yarab A |Updated on: January 18, 2022

Fast, reliable, and fully connected e-invoice solution

From generating e-invoices instantly to keeping a track of them through the e-invoicing report and everything in between, we have taken care of every little detail to bring you the most delightful experience.

Tally is an ISO/IEC 27001:2013 certified GSP (GST Suvidha Provider), ensuring that TallyPrime directly integrates with IRP portal to seamlessly generate e-invoices.

e-Invoicing in TallyPrime

Generate e-invoices in a single click
Automatically print IRN (invoice reference number) and QR code
Generate e-invoice for a single invoice or in bulk
Seamless e-invoice cancellation at a click of a button
e-Invoice reports that give you bird eye view of all e-invoicing tasks
IRN register to view the transaction-wise status of e-invoice
Prevention, detection and correction mechanism that helps you deal with exceptions with ease
Flexible to export data required for e-invoicing in offline mode to deal with possible network issues

Benefits of e-invoice

Interoperability of the data across different GST systems (IRP, e-way bill, GSTIN)
Reduces reporting of same invoice details multiple times
Auto-population of e-invoice details in GST returns and e-way bill
Real-Time tracking of invoices
Confirmed ITC eligibility
Substantial reduction in input credit verification
Prevents errors and frauds
Saves Time and efforts to file returns

How does e-invoicing system work?

Working of E-invoicing System

Supplier generates the e-invoice JSON in the prescribed format, either using e-invoicing software or using any other modes.
The JSON is uploaded to IRP (Invoice Register Portal) by the supplier
IRP validates the JSON uploaded and generates IRN and QR code
The digitally signed e-invoice JSON along with QR code will be sent to the supplier
The supplier will print QR code embedded with IRN on the invoice.
e-Invoice details will be sent to the e-way bill system (pre-fill e-way bill) and the GST System (GSTR-1 and GSTR-2A)
Buyer will get real-time visibility in GSTR-2A for confirming the ITC

Start e-Invoicing with TallyPrime in 3 easy steps

Enable e-Invoicing in TallyPrime
Record the invoice as usual and select ‘Yes’ to generate e-invoice automatically.
Print the invoice with IRN and QR code details.

Generate e-Invoices Instantly with a single click in TallyPrime

Tally being a recognized and ISO certified GSP (GST Suvidha Provider), TallyPrime directly integrates with IRP portal to seamlessly generate e-invoices.

With a one-time setup, you can start generating and printing e-invoices within seconds. All you need to do is enable, record and print. TallyPrime’s connected solution will take of the rest.

You can either generate e-invoice during voucher entry for a transaction or you could do this in bulk for multiple invoices together in a single click
Once they are authenticated by the IRP, TallyPrime will receive the IRN directly from the IRP and convert it into a QR code along with other invoice info and update your invoices accordingly
You can then simply print the QR code on your invoice. IRN can also be printed optionally. Read more on TallyPrime’s e-invoice solution

Key factors for choosing an e-invoice software

Generate e-invoice instantly without the need for manual intervention
Capability to generate bulk e-invoices seamlessly
Generate e-way bill along with e-invoice as applicable
Seamless cancellation of e-invoice if required
Flexibility to use offline mode to generate e-invoice to deal with possible network issues

Get Your E-invoicing Software Free Trial Today!

Get your GST-ready TallyPrime Perpetual License for Rs. 18000 + 18% GST (INR 3,240). Call 1800-425-8859 for any queries

Frequently Asked Questions

What is e-invoices under GST?

e-Invoice known as ‘Electronic invoicing’ is a system in which all B2B invoices are electronically uploaded and authenticated by the designated portal. Post successful authentication, a unique Invoice Reference Number (IRN) is generated along with QR code that needs to be printed on the invoice.

When will e-invoicing get implemented?

In the first, e-invoice was appliable from 1^st October,2020 for business with a turnover of 500 crores above. From, 1st January,2021 e-invoicing is applicable for businesses with the annual turnover of 100 crores

Who are eligible for e-invoice?

Electronic invoicing applies to all the business who are registered under GST and issuing B2B invoices in a phased manner as notified by the Government.

Is e-invoicing mandatory?

Yes, it is mandatory for all the businesses who fall under the ambit of e-invoicing and need to issue an e-invoice for all B2B supplies.

Why e-invoice is required?

To standardize the format in which electronic data of an invoice can be shared with various systems in GST ecosystem ensuring the interoperability of the data.

What is the IRP in e-Invoice?

IRP is a designated portal designed to accept, validate and authenticate the invoice.

What is an IRN (Invoice Reference Number)?

IRN is known as “Invoice Reference Number” is a unique invoice number generated by the Invoice Register Portal (IRP) on uploading the invoices electronically.

Can IRN be generated in bulk?

Yes, you can upload the bulk invoices and generate IRN for each invoice that is uploaded. TallyPrime seamlessly supports IRN generation for bulk invoices.

What are the types of documents reported under IRP?

Following documents are covered under the concept of e-invoice:

- Invoice by Supplier
- Credit Note by Supplier
- Debit Note by Supplier
- Any other document as required by law to be reported by the creator of the document

How does e-invoicing benefit businesses?

With the complete interoperability of e-invoice data with the GST system, it pre-populates the details in GST returns, e-way bill and reduce the reconciliation challenges. Alongside it also helps you to confirm the ITC eligibility via real-time visibility of invoices and eliminates fake invoices.