E-invoicing is an enterprise business system in which Business (B2B) invoices are generated and authenticated electronically by GSTN for future usage through ERP. It is sent automatically over the internet, rather than being prepared manually (paper-based), and can be easily integrated into a customer’s SAP ERP or Third-Party System. This is to reduce human efforts & paperless works because different industries use different formats for their electronic invoices, and include creating & sending invoices in CSV, PDF, and XML formats. These updated invoices are specially simplified with web apps, while still allowing for various ERP’s & SAP Systems to process them easily.
E-Way Bill is the simplest & easiest form of Electronic Way Bill. It is a computerized unique document/bill, which is generated electronically for the specific transactions of goods from one place to another place, either inter-state (Local) or intra-state (Outside the State) and of value more than INR 50,000, required to come under the current GST statement. As if it will be mandatory for the transaction up to or more than INR 50K, at present it is valid only for a certain time and covers a distance of consignment based upon the vehicle.
