A standardized electronic invoicing system under GST in India where invoices are authenticated by the Invoice Registration Portal (IRP) before being issued.
e-Invoicing doesn't mean generating invoices online — it means getting invoices validated and registered on the government's Invoice Registration Portal (IRP). The IRP assigns a unique Invoice Reference Number (IRN) and digitally signs the invoice with a QR code. e-Invoicing is mandatory for businesses above ₹5 crore turnover and automates GSTR-1 filing, reduces errors, and enables real-time tax compliance.
A manufacturer with ₹10 crore turnover generates an invoice in Laabam.One ERP. The system automatically sends it to the IRP, receives the IRN and QR code, and embeds them in the PDF — all in seconds.
Ensures accurate financial reporting and record-keeping
Helps maintain regulatory and tax compliance
Enables better-informed business decisions
Improves operational efficiency and cash flow management
As of 2024, businesses with annual aggregate turnover exceeding ₹5 crore must generate e-invoices for all B2B supplies. The threshold has been progressively lowered from ₹500 crore in 2020.
Yes, within 24 hours of generation on the IRP. After 24 hours, you must issue a credit note instead. Cancellation must also be reflected in your accounting system.
A commercial document issued by a seller to a buyer, detailing the products or services provided, quantities, prices, and payment terms.
A comprehensive indirect tax levied on the supply of goods and services in India, replacing multiple earlier taxes like VAT, excise duty, and service tax.
Let Laabam.One handle the complexity. From invoicing to GST filing, our ERP software makes accounting effortless.