Goods and Services Tax (GST) e-invoice system has accomplished journey of three months and has facilitated easy transition of the tax payers to the brand new platform, in line with the Ministry of Electronics and Information Technology (IT) on Saturday. It has enabled over 37,000 tax payers to generate greater than 1,680 lakh Invoice Reference Numbers (IRNs), throughout final three months from the NIC developed e-Invoice system. Starting with 495 lakhs throughout October 2020, era of e-invoice has elevated to 589 lakhs in November 2020 and 603 lakhs in December 2020. Interestingly, the e-way invoice era from the NIC (National Informatics Centre) developed e-way invoice system can also be highest throughout September to December 2020 in comparison with similar months of earlier years.
The response of the system is sweet and era of IRNs is hassle-free throughout this era. However, there have been frequent errors comparable to repeated requests on similar doc quantity, simultaneous requests on similar doc quantity and requests with validation or calculation errors and so on. Proactive measures taken by NIC Help desk, together with communication with tax payers concerning the points by means of mails and telephonic calls and suggestion of corrective measures, has facilitated in bringing the errors down.
NIC has additionally began sending the every day replace to the turbines of IRN concerning the quantity and worth of the IRN generated by him/her. The authorities has decreased the combination turnover minimize off to Rs 100 crores every year for era of IRN by the tax payers from January 1, 2021. NIC has already enabled the API and offline tool-based websites for these tax payers. NIC can also be equipped with ample infrastructure to deal with the era of e-invoices from these tax payers from January 1, 2021.