Now e-invoice will be compulsory for business with over Rs 50 crore turnover from April 1 india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
View from India: Scope for e-invoicing software increases theiet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theiet.org Daily Mail and Mail on Sunday newspapers.
Technuter Cygnet Infotech unveils latest version of Cygnet FACE Accounting Software with seamless GST compliant features for small and medium enterprises
In order to provide seamless solutions to clients facing challenges in complying with intricate GST rules, Cygnet Infotech has introduced the latest version of its Accounting Software –
Cygnet FACE (Financial Accounting Comprehensive and Easy). First introduced in June 2019, Cygnet FACE is a holistic product which takes care of not only an organisation’s basic accounting functionalities, but also the GST mandates and compliances allowing the enterprises to focus on their businesses without worrying about their book-keeping needs. It has features like 25+ customized MIS Reports for business insights, inbuilt GST return filing, user and organization wise access rights, document attachment feature for every transaction, drill down feature in every report, quick navigation through shortcuts.
The e-invoicing booster
The system is efficient, transparent and cost-effective
On October 1, 2020, a new electronic system for invoice generation called e-invoicing was launched in India. E-invoicing was launched to enhance ease of doing business in India. It entails the creation of invoices on the taxpayer’s ERP or billing system, and thereafter uploading these invoices onto a common portal called the Invoice Registration Portal (IRP).
These invoices are allocated a unique Invoice Reference Number (IRN), affixed with a QR code, and digitally signed by the IRP. These e-invoices are then returned back to the taxpayer for further use in his business.