EFRIS stands for Electronic Fiscal Receipting and Invoicing System
EFRIS offers these benefits in four modules
- registration,
- stock management,
- fiscal document management and
- reporting
The primary aim of ERIS is to address business and tax administration challenges related to business transactions and the issuance of e-receipts/e-invoices to ultimately improve business efficiencies, effectiveness and reduce the cost of running the business.
How to register for EFRIS on the URA portal.
To enjoy these benefits of EFRIS, just type www.ura.go.ug in any browser of your choice, select E- Invoicing. from here you first click on user Guides to equip yourself of how to use E-Invoicing like registration, stock management, Fiscal document management, How to issue an e-invoice, how to issue a credit note and debt note.
Also, you can access the registration link on the URA web portal. Then, log in using your portal credentials after which a one-time password (OTP) is sent to your email or phone number as selected. You should input this and gets access to the EFRIS homepage. you can use this link to watch a video: https://youtu.be/X4FQSGkBfu0
When it comes to hiring the accountants, then there are many things which you should check.
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The GSTN (Goods and Service Tax Network) is a non-profit, non-government organization.
Private players own 51% share in the GSTN, and the rest is owned by the government.
The authorized capital of the GSTN is ₹10 Crore (US$1.6 million), of which 49% of the shares are divided equally between the Central and State governments, and the remaining is with private banks.
