/** * The main template file * * This is the most generic template file in a WordPress theme * and one of the two required files for a theme (the other being style.css). * It is used to display a page when nothing more specific matches a query. * E.g., it puts together the home page when no home.php file exists. * * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ * * @package WordPress * @subpackage Tally * @since 1.0.0 */ ?>
With the concept of e-Invoicing, an invoice is valid only if the “IRN’ and QR code is mentioned in the invoice. Invoice being an important document in business, it is of utmost necessary to understand the fundamentals of IRN and the change that may be required in the way the invoices are issued.
|Best e-Invoicing Software Solution for Businesses in India||Generate e-Invoice Instantly in TallyPrime|
Currently, e-invoicing is applicable for businesses with a turnover exceeding ₹10 crores from 1st October 2022. In the recent update, e-invoicing will be applicable for businesses with a turnover exceeding ₹5 crores from 1st October 2022. Read 'Date of implementing e-invoicing in GST' to know the e-invoicng implementation date.
In this article, we’ll discuss everything about IRN right from its meaning, format and how to generate it.
IRN known as “Invoice Reference Number” is a unique invoice number generated by the Invoice Register Portal (IRP) on uploading the invoices electronically.
Under the e-invoicing system in GST, documents such as invoice, Credit Note, Debit Note or any such document as required by the law should be electronically uploaded to IRP system. Every time a unique document is uploaded in the prescribed format, a unique reference number know as 'Invoice Reference Number (IRN)' is generated by the system.
IRN is also referred to as ‘Hash’ in technical terms.
The IRN is computed considering the GSTIN of a generator of the document (invoice or credit note etc.), document number like invoice number and the financial year.
The responsibility of generating e-invoice with IRN is with the creator of the document. To simplify, the responsibility of uploading tax invoice is with the supplier of goods or services. The IRP system, a portal designed to authenticate invoices, will accept invoices only in JSON format in a specified structure/schema.
To generate e-invoice IRN, you need to follow the steps given below:
If you are using a business management software that is integrated with the IRP portal (via GSP to IRP), generation of IRN and QR code, and printing these details on the invoice becomes simple and seamless. It will be that simple that you just need record and print the invoice in the flow, and you will have IRN and QR code printed automatically.
Know more about e-invoices in GST
|e-invoicing Software||e-Invoice in GST|
|GST Invoice||How to Generate E-Invoice in GST|
|How to Transit to e-Invoice System||Invoice Reference Number (IRN)|
|Who Should Issue an e-Invoice in GST||Generate e-Invoice Instantly in TallyPrime|
|How to Generate Bulk e-Invoice in TallyPrime||Working of e-Invoice System|
What is GST Reconciliation & How it is Different from GSTR 2A Reconciliation