Skyscend India

  In the 35th GST Council Meeting, electronic invoicing was implemented as a standard to make B2B invoice reporting easier for businesses with annual revenues of 100 crores or more. Further, it was announced that businesses with an annual turnover of more than 50 Cr are also required to adopt e-invoicing. Electronic invoicing or e-Invoicing is a system in which GSTN authenticates the B2B invoices digitally and returns them for further processing. The most significant advantage of uploading invoices in a common portal is that it automates multi-way reporting through a single data entry.   Benefits of e-invoicing system under GST The GST scheme has transformed the entire process of invoicing for B2B reporting more efficiently. Businesses can now generate bills with ease.   Error reduction   The invoice uploaded in a shared site in the e-invoicing system allows a smooth and multifunctional reporting. All the invoices uploaded to the GST portals are validated ...

Gone are the days when companies would send paper invoices or send the PDFs through email. E-invoicing has become the present and future for the businesses, and if you haven't yet adopted this seamless system of working, below listed are the most compelling reasons why switching to an e-invoice management system is the need of the hour.    We are at the threshold of the beginning of a new year, which also means we are on the verge of witnessing a lot of new technologies take over. When it comes to e-invoicing, the digital transformation has already started; therefore, if you haven't adopted e-invoice processing yet, look at the reasons below why you should.   ·          Save Time When it comes to a business, time is a crucial investment. Don't let the crucial time of your team be stuck in papers and getting the invoices confirmed. With the advanced e-invoice management system, the process becomes more synchronized, cutting dow...