- E-invoicing is mandatory for Indian businesses with turnover above ₹5 crore, requiring invoices to be generated through the IRP for a valid IRN and QR code.
- For businesses with turnover above ₹10 crore, invoices must be reported to the IRP within 30 days of issuance.
- Two-factor authentication (2FA) is now compulsory for logging into the e-invoice portal.
- Non-compliance results in invoices being invalid for GST credit.
- Using integrated software helps automate compliance and speeds up payments.
Source: tallysolutions.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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