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FinTech Consulting Services
Leveraging our FinTech Consulting experience, we employ our proven approach in process reviews, tech risk management, and third-party audits for Indian financial services clients.
E-invoicing
With the Indian government's steadfast commitment to modernising the taxation system and enhancing transparency, e-invoicing has emerged as a pivotal component of this digital transformation journey. It represents a fundamental shift from traditional paper-based invoicing methods. This revolutionary approach not only streamlines the invoicing process but also lays a robust foundation for seamless integration with the Goods and Services Tax (GST) framework. Since its introduction in October 2020, e-invoicing has garnered substantial attention due to its potential to curb tax evasion, eliminate redundancy and foster a more cohesive and automated tax ecosystem.
Grant Thornton Bharat offers an e-invoicing solution within the GTaxPro tool, which can integrate with the billing systems of an organisation seamlessly in multiple ways and generate an invoice reference number (IRN) with zero disruption to your business. This can further help comply with the government’s mandate of issuing e-invoices if your aggregate turnover exceeds INR 5 crore. The e-invoicing solution will cover documents such as tax invoices, credit notes, debit notes and export invoices.
The solution can help you ensure 100% compliance as per GSTN requirements with simplified e-invoice generation. It is cost-effective and easy to deploy. Further, it will assist your organisation primarily in the generation, cancellation and printing of an e-invoice. Our team of experts can help you enhance accuracy, reduce manual errors and accelerate the overall invoicing cycle, fostering a more efficient and compliant financial ecosystem for all.
Important considerations for e-invoicing
Important considerations for e-invoicing
Important considerations for e-invoicing
Preparedness for E-invoicing
Key features of the solution
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![Key features of the solution]()
Validation checks to verify input data -
![Generation of a QR code for B2C invoicing]()
Generation of a QR code for B2C invoicing -
![Generation of a QR code for B2C invoicing]()
MIS Dashboard reports -
![Facility to email e-invoices directly to customers]()
Facility to email e-invoices directly to customers -
![Facility of e-invoice archiving]()
Facility of e-invoice archiving
Our offerings
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Understanding: Understand the current ERP process and generate an invoice template
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Gap analysis: Technical specifications analysis regarding the organisation’s present state for e-invoicing
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Customised developments: Supplemental service to track and document e-invoicing developments tailored to the organisation’s requirements
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Integrate the methodology: Test the system, train users regularly and plan for future developments/updates
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After-care: Track clarification/information on the updates, along with routine testing, error reporting and troubleshooting
GTaxPro: E-invoice - typical workflow
Advantages of the solution
The solution has the feature of e-invoice PDF generation with details of IRN number and QR code provided by the GST portal.
It gives an option for bulk uploading of e-invoices, which streamlines the process, allowing for efficient management of large volumes of invoices simultaneously.
The solution includes a timer/reminder feature to ensure timely cancellation of IRN-generated e-invoices within a 24-hour window.
The solution provides an archiving facility for storing generated e-invoices, ensuring easy access and retrieval when needed.
It offers the convenience of automating the export of generated e-invoices to the ERP system, enhancing the efficiency of data flow and integration.
Establish access limitations for different users, ensuring controlled and tailored system entry.