As per GST regulations, it is mandatory for carriers to carry e-invoices while carrying goods above Rs. 50,000 (depending on state) within a state or between two states. Carriers, on the other hand, are required to bring a copy of the E-Way Bill and invoice as proof under the new GST law. Generating e-invoices is one of the keys for a business owner to meet tax requirements
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The right business management software will make compliance with e-invoicing regulations even easier. Here are factors to consider when choosing an e-invoicing software:
Capacity of the solution connected to the electronic bill portal
A connected service will provide you with numerous advantages to take care of the compliance of your electronic bill. From generating accurate one-time or mass e-invoices with great ease to easily and seamlessly switching between portal and system for various business scenarios, connected business management software will streamline e-invoicing regulatory compliance. When choosing an e-invoicing software, similar aspects should be taken into account and the simplification of the technology should be evaluated. With Busy's quick installation and one-time setup, you can start generating accurate one-way e-invoices with just a few clicks.
Flexibility to generate in real time or in bulk at the end of the day
Flexibility is key in any business management software. Many situations could arise, for example, you may not be able to generate e-invoices at the time you register a transaction, because you may be delivering the goods a few days later or the vehicle may not be ready for freight transport. . . Therefore, your business management software should enable you to manage such complexities without any problems. Busy gives you the flexibility to generate E-Way invoices at any time. A user can generate a single shipment during invoice posting or in bulk for multiple invoices all together. Using Busy, the chances of losing an EWB are also minimal as it will keep track of all your created transactions and will also notify you of transactions for which no e-Way invoices have yet been generated.
Cancel/expand/refresh the electronic guide
GST E-Way Bills handling can be due to many reasons. You may encounter situations where the courier vehicle that is transporting the goods breaks down. In such a scenario, you should be able to quickly track that particular invoice to generate a new E-Way Bill from the portal. There may be incorrect invoices that need to be changed or you want to export E-Way Bills that have not yet been uploaded to the E-Way Bill portal, etc. At Busy all these contingencies can be resolved with a single click. You can easily get all your e-invoices in "GST Reports" and choose the appropriate option for the next action.
Possibility to manage electronic invoices in offline mode
While connected services are a boon for business owners, there may be times when the internet doesn't give you the fastest speeds. Or maybe you don't have the login credentials to upload your invoices to the electronic invoice portal. Your business management software should allow you to take appropriate action if you don't have access to the e-invoicing portal. Such scenarios require users to continue working offline and generate accurate electronic travel guides. In Busy you can export offline in JSON format and share the data with those who need it. Once the employee in question receives the invoices, they can simply go to the portal and upload them individually or in bulk. You can also automatically download the details of said electronic invoice from the portal and update them in the books.
Generate e-delivery note together with e-invoice
The electronic billing system and the E-Way billing system are perfectly integrated. The e-invoicing system credentials work in the e-invoicing system and the Invoice Reference Portal (IRP) can be used to generate e-invoices. It is entirely up to the taxpayer to choose whether to generate an eGuide when generating the e-Invoice or later using the IRN as a reference. However, the e-invoice will not be valid without a valid e-invoice (provided it is required to generate an e-invoice). Busy will help you follow any method of generating e-invoices according to your needs. Whether you generate e-delivery notes together with the e-invoice or at a later stage, you can do it without problems, as the direct integration of our software with external portals will offer you a seamless experience.
Try Busy for free today and see how you manage e-invoicing compliance in the best possible way.
