E invoicing solution5/20/2023 ![]() ![]() The invoice meta data needs to be transferred by API Call to Cloud or an On Premise System on the network. There are authorized service providers who provide Digital Signature facilities through API. A digital signature of an authorized natural person in the organization is recommended. In addition an authorized GSP, one would also need the invoice outputs to be signed digitally. In my customer’s case, the solution was built around DCS and e Invoicing solution based on e Document. ![]() Depending on the solution scope if you are using DCS or other ASP Solution, e Invoicing can be used. Q4) What are the various parties involved in an e Invoicing process?Ī: The e Invoicing solution in SAP is built around e Document framework. If your customer has a registered GSTIN Number, the standard solution determines the customer to be valid for e Invoicing Q3) In the SAP System, how to determine a customer, if it is valid for e Invoicing?Ī: The e Invoicing is currently valid for B2B Customers. Q2) What are the types of documents, which are valid for e Invoicing?Ī: The following type of Invoices will be covered under e Invoicing It will also generate a QR Code, which will contain the vital details of the e Invoice and the same would be returned to the Tax Payer. Once the file is sent via an asynchronous call, the IRP will generated an unique reference number (IRN Number) and digitally sign the e Invoice. An electronic file in JSON format, with the required schema would have to be sent to the IRP Portal. Q1) How will the e Invoicing model in India work?Ī: Under the e Invoicing model for India, all B2B Customers would have to generate an invoice as was done in the past. I have tried to answer some of the common questions related to based on project experience: With the opening of the economy lot of Multinationals operate in India and implementation of e Invoicing is a challenge for many organizations, since they have homogeneous global processes, which need to be adapted for local compliance in India. E Invoicing as a process is being introduced in many countries and India is a follower in this regard. Therefore, it is possible to start the implementation process now.The India e Invoicing will be a dramatic change which will introduce a transparency on GST Tax Collection and also stream line revenue process. The e-invoicing system will also be used for archiving issued and received public sector invoices, which should lead to increased transparency.Į-invoicing obligations in the B2B and B2C areas are planned to come into effect from 1 January 2024, and will be based on the same technical solution. This only relates to the B2G, G2G and G2B areas. The effective date for the Ministry of Finance, which includes the Financial Directorate, is expected to be 1 January 2023. The final version of the e-invoicing system will be used in this phase, however, the technical solution will continue to be improved to prepare it for use in additional areas. The start date is planned as 1 September 2022. The first area where the introduced technical solution will be used is the Ministry of Finance and the Data Centre of the Ministry of Finance. ![]() A public test run of e-invoicing system is planned to start in June 2022. ![]() The final form of the technical solution will unify each area (G2G, B2G, G2B, B2B, B2C). The Ministry of Finance is currently preparing a decree, which will define and determine the technical conditions of implementation and the time schedule for implementation in other areas. This Directive has been transposed into the Slovak Act on electronic invoicing and stipulates the obligation of state and public sector to accept electronic invoices. The e-invoicing system is covered by a European Union directive and the main aim is to unify electronic invoicing across all EU public sectors. for sending data from invoices to the Financial Directorate. The Ministry of Finance has introduced a technical solution for e-invoicing, i.e. Technical solution for e-invoicing (real time invoicing) ![]()
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