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E invoice format pdf for Technical Support

I am Kumar Vivek posted as a VP services in the goods and services tax Network telling you might be aware that the government has announced that effective from 1st April 2020 ye invoicing is going to be compulsory for certain categories of taxpayers in today's video I am going to talk about a invoices in this video we are going to cover four important aspects of invoice first what exactly is universe second how to create invoices third what are the intended benefits of invoicing and fourth how exactly you can use the period of January to March to induce or issue invoices on a trial basis so viewers let us elaborate on the first point what exactly is a invoice e-invoice stands for electronic invoice that a taxpayer has to generate and report to the GST system not the most vital aspect of an invoice is that it will contain a unique identifier called as invoice reference number or iron in short this iron will be assigned to individual e invoices by the invoice registration portal or the IRP now the question arises what is IRP IRP or the invoice registration portal is that central registry to which the taxpayers will be reporting their e invoices and in turn the IRP will assign individual invoices with a unique Eyre before we move on to the next segment it must be clarified here that contrary to popular perception e-invoicing does not entail creation of invoices to us and twice total it effectively means that taxpayers can count generating invoices through their billing accounting or ERP software the only thing that is required is that the iron or the invoice reference number must be fetched from the eiope the tax payers billing accounting or here the software's will be able to do that in many settings let us now understand the process of creating an invoice now many tax payers have a thinking that they have to do something extra and beyond their existing business practices to create an invoice but let me clarify that is not the case the creation of a invoice is very simple in fact the taxpayers will continue to issue their invoices in the same manner that they have been doing till now the only change that is required is from the billing accounting and ERP software companies which will make certain changes at their back-end so that the softwares that you are using to create and issue invoices is able to push the invoices to the invoice registration portal the invoice registration portal or the IRP we assign the invoice reference number to the invoice digitally sign it and send it back with a QR code to the billing in accounting software now this QR code will contain the iron and some other basic details like the supplier chirsten the buyer gist in the description of goods and services being supplied the taxable value that is mentioned in the invoice etc one point has to be noted however that the invoice number with respect to an e invoice will be the same that the taxpayer has mentioned in the invoice and not the invoice reference number to make the point more clear let me clarify that invoice reference number is not the invoice number the invoice number is the one that the taxpayer has mentioned while issuing the invoice dear viewers let us now understand the benefits of invoices in fact there are many benefit number one with invoices the entire country will have one uniform standard of invoices it means even if the software is being used by the supplier and the bias for issuing invoices are different both of these will be able to read and decipher the invoices benefit number two e invoices will reduce a lot of transcriptional errors and thereby the reconciliation efforts which happens because of manual entry of invoices benefit number three all the invoices being generated will get reported to the GST system automatically benefit number for your GST returns that is your a and X 1 and X 2 and RIT will get Auto populated by the e invoices benefit number 5 even the Eva bills will get generated automatically by the e invoices benefit number 6 the recipients would receive the invoices automatically either through mail or through a separate messaging platform benefit number 7 it will reduce a lot of compliance cost benefit number 8 it will save a lot of paper and the cost of careers for sending the invoices physically to the recipients and so on dear viewers the trial for invoices for taxpayers having turnover of more than 500 crores is already underway for those taxpayers who have an annual aggregate turnover of more than hundred crews the trial will start in the month of February for more details on invoices and trial log on to .hsn.com or start the trial of invoices today and become a part of India's journey towards one nation one tax and one invoice [Music]