The CBIC (Central Board of Indirect Taxes and Customs) has released an detailed guidance where Accounting and billing software providers can enrol with GSTN to Receive Regular updates on E-invoice. In addition to this, the ministry also released softwares for taxpayers in order to issue e-invoice. This software can be downloaded from the respective state GST website, for example, to download software for taxpayers in Maharashtra, details can be read here : MSTD_BillingSoftware_ User Manual Ver 1.01.
The adoption E-invoice is expected to ensures the inter-operability of transactions across the entire GST eco-system. The new system eliminates the need for fresh data entry, reduction of reconciliation errors and population of invoice details directly into Return through invoice reporting portal (IRP).
Accounting and Billing Software Providers play crucial role for the successful implementation of the GST E-invoice System. Like, Tally has helped very important role in implementing GST structure.
GSTN is soon planning to conduct interactive session with software providers so as to get suggestions and feedback from them, to keep them updated with the developments and of course, the proper and user friendly implementation of this system.
Accounting and Billing Providers can enroll here for regular updates, by submitting required details and documents.