Union Budget 2020


Other key highlights of E-invoicing

  •  Documents covered under e-invoicing include – Invoice (including exports invoice and stock transfers), Credit Note, Debit Note, ISD invoice, ISD Credit Note
  • All interaction with IRP for sending and receiving data of documents/invoices will only be in JSON format
  •  The document can contain a Hash/Unique Invoice Reference Number (IRN)
  • IRP will authenticate the transaction by means of allocating / validating the hash/IRN, generating a QR code and digitally signing each valid document
  •  As data will be held with IRP for 24 hours only, any cancellation or correction in invoice can be done only within 24 hours; after that, a credit or debit note needs to be generated
  •  E-Invoice APIs have been released in the sandbox as on January 7, 2020
  •  No data validation or sanctity checks will be performed by IRP which may lead to generation of IRN with incorrect invoice details as provided to IRP
  •  Amendment of e-invoice already uploaded on IRP will be done only on GST portal
  •  E-Invoice will not replace E-way bill. For transportation of goods, the e-way bill will continue to be mandatory and can be generated basis auto-populated data from IRP
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