GSTN launches e-invoice registration services with private IRPs

The Goods and Services Tax Network (“GSTN”) vide Advisory dated March 04, 2023 has launched the e-invoice registration services through multiple private Invoice Registration Portals (“IRPs”) at the recommendation of the GST Council.

In another step towards further digitization of the business process flow, GSTN has launched e-invoice registration services through multiple private IRPs at the recommendation of the GST Council. Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empaneled by GSTN for providing these e-invoice registration services to all GST taxpayers of the country. The details of the existing and new IPRs is available at https://einvoice.gst.gov.in/einvoice/dashboard

The taxpayers now have a choice of more than one IRP (earlier being the only single portal of NIC), which they can use to register their e-invoices. This adds significant capacity and redundancy to the single e-invoice registration portal which existed earlier.

The end-to-end flow of a digitally signed e-invoice between sellers and buyers by integration with the GST system will lead to ease of compliance for the taxpayers. It will also lead to the facilitation of auto-drafting and auto-populating of invoice details in the GST returns which would lead to increased accuracy, the correctness of reporting of supplies and availing of ITC by the recipients of the supply.

The Advisory can be accessed at - https://www.gst.gov.in/newsandupdates/read/573