Indian Einvoice Integration Solution
by Dhyey Consulting Services Pvt. Ltd.
A complete solution for E-Invoicing with Dynamics 365 Business Central
GST e-invoice is the starter of the digital invoice for goods and services provided by the business firm generated at the government GST portal. The idea of GST e-invoice generation system has been taken into consideration for the reduction in GST evasion.
After consultation with the relevant trade and industry bodies, as well as the Institute of Chartered Accountants of India (ICAI), the GST Council finally confirmed of the standard for e-invoicing in its 37th Council meeting held in September, in Goa.
The e-invoice system being implemented by tax departments across the globe consists of two
important parts namely,
A. Generation of invoice in a standard format so that invoice generated on one system can be
read by another system.
B. Reporting of e-invoice to a central system.
The basic aim behind adoption of e-invoice system by tax departments is ability to pre-populate the return and to reduce the reconciliation problems. Huge increase in technology sophistication, increased penetration of Internet along with availability of computer systems at reasonable cost has made this journey possible and hence more than 60 countries are in the process of adopting the einvoice.
This app supports the Essential and Premium edition of Microsoft Dynamics 365 Business Central.
India. Supported Languages English only.