E-Invoice in Tally Prime

E-Invoice in Tally Prime

E-Invoice in Tally Prime 

With the first phase of e-invoice already being implemented for the businesses with a turnover of 500 crores and above, it’s now time for the second phase of e-invoice to be implemented from 1st January,2021. E-Invoice in Tally Prime

Electronic invoicing popularly called as ‘e-invoice’ is a concept in which all B2B invoices are electronically uploaded by the supplier and authenticated by invoice registration portal (IRP) with an IRN and QR code. In turn, the IRN and QR code should be printed on the invoice by the supplier before issuing it to the buyer.

While the e-invoice concept has been in discussion for quite some time, it saw the light of day on 1st October,2020.  If you are new to the concept and would like to know more, please read ‘What is e-Invoice in GST?

e-Invoice business applicability from 1st January,2021

The second phase of e-invoice implementation is said to begin from 1st January,2021 and will be applicable for businesses with the annual turnover of 100 crores or above in the previous financial year. E-Invoice in Tally Prime

Annual turnover in the previous financial year

Date of implementation of e-invoice

100 Crore & above

1st January,2021


In the first and second phase of e-invoice implementation, the decision has been taken to consider only the larger businesses and gradually, in a phased manner, more number of businesses will be brought into the ambit. It is expected that from April,2021, it will be applicable for all the registered business. E-Invoice in Tally Prime

Read Who Should Issue an e-Invoice in GST? to know more about e-invoice applicability.

e-Invoice process

e-Invoice requires you to generate the invoice data in the prescribed format (JSON), either using the ERP/business management software or offline tool provided by the portal. And, then upload it to the IRP which in turn validates and authenticates the invoice data with IRN and QR code.

The process to generate e-invoice is mentioned below:

  • Generate the e-invoice in a prescribed format using the software solutions/business management software or use the offline tool provided by the portal
  • Login and upload the e-invoice file to IRP. If the software is integrated with IRP via GSP, the upload of the JSON file will be automated, meaning system sends the required details directly to the IRP portal
  • The IRP portal validates the key invoice elements and upon successful validation, the invoice data is authenticated with IRN number and QR code E-Invoice in Tally Prime
  • Next, you can download or receive the e-invoice file along with the IRN for the invoices that has been uploaded by you., Using the details received, update your invoice with IRN number and QR code. In case of an integrated environment of ERP and IRP via GSP, the software will automatically fetch and print such details.

Read  How to Generate e-Invoice in GST? to know more about e-invoice generation. E-Invoice in Tally Prime

What should you do from 1st January,2021?

If you are a business with an annual turnover of 100 crores and above, e-invoice will be applicable, and you need to electronically upload all B2B and B2G invoices to the portal. You need to generate the e-invoice in the required format and upload it to the IRP portal. The IRP portal will authenticate the invoice data and return the file with IRN and digitally-signed QR code.

e-Invoicing mandates that an invoice remains valid only if it has IRN and QR code that is authenticated by the IRP (Invoice Registration Portal). Invoicing being a key process in every business, it’s a necessity to have a business management software that will help you seamlessly generate e-invoice without impacting the way you use to operate your business. E-Invoice in Tally Prime

Businesses using ERP/ business management software that seamlessly connects to the IRP system via GSP, and automatically prints the QR code and IRN on the invoice, will find it easy to manage e-invoice requirements without many changes to the business process. Read How to Transit to e-Invoice System? to know the change in invoicing practice and things for smooth adoption of e-invoice. E-Invoice in Tally Prime

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