Introduction
E-invoicing and e-way bills serve different purposes under India's GST system. Businesses involved in sales, purchases, and transportation of goods should understand when each requirement applies.
E-invoice: What businesses should know
E-invoicing involves reporting prescribed invoice details to the Invoice Registration Portal (IRP) and obtaining an Invoice Reference Number (IRN) and signed QR code where required.
Applicability depends on the prescribed turnover criteria, transaction type, and relevant exclusions.
E-way bill: What businesses should know
An e-way bill is an electronic document used for the movement of goods when the applicable GST requirements are met. Businesses should verify the consignment details, transporter information, distance, validity, and applicable exemptions.
Common compliance mistakes
Generating documents with incorrect GSTINs.
Entering incorrect invoice or consignment values.
Failing to check whether e-invoicing applies.
Overlooking e-way bill validity.
Not reconciling e-invoices with accounting records.
Conclusion: Review the current rules and applicable exemptions before generating e-invoices or e-way bills.
