e-Invoice

Electronic Invoice An e-Invoice is a digitally authenticated B2B tax invoice registered on the Invoice Registration Portal (IRP). It generates a unique Invoice Reference Number (IRN) and a QR code, ensuring invoice standardisation, eliminating data entry errors, and curbing tax evasion. Example A supplier with an annual turnover exceeding the threshold (VERIFY: ₹5 Crores) issues an invoice to a corporate client. They must upload it to the IRP to get an IRN before sending it to the buyer. When it matters in practice Mandatory for businesses crossing the turnover limit; failure to issue an e-invoice when applicable renders the invoice invalid, preventing the buyer from claiming Input Tax Credit and attracting penalties (VERIFY: ₹10,000 or 100% of tax, whichever is higher). Related terms - e-Way Bill - IRN - GST INVOICE Related Service GST Compliance