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e-Invoicing is a mechanism that allows the Invoice Registration Portal (IRP) to electronically authenticate B2B invoices. As a result, Tally Prime makes it easy to configure/generate e-Invoices for your company.
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Tally Prime e-Invoicing e-Invoicing is a mechanism that allows the Invoice Registration Portal (IRP) to electronically authenticate B2B invoices. As a result, Tally Prime makes it easy to configure/generate e-Invoices for your company. When your e-invoice is complete, the information should be reflected in GSTR-1. There is a great Tally prime course in Ahmedabad that will help you master this complex topic in much more detail.
As a result, taxpayers, tax consultants, and other qualifying entities can use Tally Prime’s e-invoice service. The experience is straightforward and is based on routine invoicing activity that does not necessitate any special knowledge.
If you use Tally Prime, for example, you only need to record your sales transactions as normal, and your e-invoice requirement will be met in the same flow! Important information, such as IRN, Ack No., QR code, and e-Way Bill no., will be automatically changed in the vouchers, and you can proceed to print them. Furthermore, Tally Prime will ensure that your business accounting as well as your compliance requirements are properly addressed.
Tally Prime also gives you the option to generate e-invoices in bulk for multiple invoices. If you do not wish to generate the e-invoice while recording the transaction, you can pick one or more transactions from the e-Invoice report and generate the corresponding IRN later.
We recognise how important your data is to you and your organisation, therefore we have built a number of safeguards into Tally Prime to protect it. All online e-invoicing requests will be routed through Tally GSP (TIPL), which has been awarded ISO 27001:2013 certification for its strong security procedures. The best thing is that you will not need any other software or plugins to take advantage of the benefits of e-invoicing in Tally Prime.
It is simple to get started with e-invoicing! All you have to do is create an e-invoice profile in IRP and then enable e-invoicing in Tally Prime.
To begin with e-invoicing, you must first register your company on IRP and then create an API user profile with Tally India Pvt Ltd as your GSP.
Navigate to the IRP home page and select Registration > Portal Login. • In the following e-Invoice Registration Form, enter your company’s GSTIN, followed by the CAPTCHA code, and click Go. • Enter the necessary business information and click Send OTP to validate the information. • Enter the code that was sent to your registered mobile number and then click Verify OTP. Following the verification of the OTP, you will be prompted to enter a username and password to create your login credentials. Confirm and save the information.
Navigate to the IRP main page and click Login. • Log in using the username and password you set up before. • Select API Registration > User Credentials > Create API User from the menu. • In the subsequent API Registration page, select Through GSP. • In the Select your GSP field, type Tally (India) Private Ltd. • Enter the API login and password, then click Submit to preserve the information. Tally (India) Private Ltd would be the GSP for the creation of a user profile.
1. Set Enable Goods and Services (GST) to Yes by pressing F11. The Company GST Details window appears. 2. Set the e-Invoicing relevant option to Yes. The following e-invoicing options will now be visible: 3. Applicable from – Select the date when your transactions will be eligible for e-invoicing. 4. Bill from location – Specify the location from which your supplies will be billed. Depending on your business, this could be the same or a different place from where your supplies are sent from.
5. e-Invoice report default timeframe – Set the time frame for which the transactions in the e-Invoice report will be displayed. This will be set to three days by default, in accordance with department requirements, which require e-invoices to be created within 72 hours after billing. Tally Prime, on the other hand, will allow you to specify a period between 1 and 31 days, depending on your business needs. 6. Send e-Way Bill information together with an e-Invoice – Tally Prime allows you to generate your e-Way Bill in addition to your e-invoice. If it would be advantageous for your company to communicate these details jointly, you can enable this option.
7. Send Accept the screen as is. As always, you can save the details by using Ctrl+A.
If your company exports, you must update the ISO currency codes for all of your foreign currencies. The department requires the currency code in order to identify the currency and the related rate of exchange. 1. Tally Gateway > Alter > Currency > Enter. Alternately, use Alt+G (Go To) to navigate to Alter Master > Currency > Enter. 2. Choose a foreign currency (for example, the US Dollar ($)). If necessary, you can also create a currency here.
3. To open the List of Currency, select the Formal name and press Alt+H. 4. Choose the appropriate Currency Code from the list. The ISO Currency Code field will be updated to reflect this. 5. Update any other details as needed, then accept the screen. As always, you can save the details by using Ctrl+A.
Tally Prime is an online e-invoicing solution that integrates seamlessly with your existing invoicing process. Tally Prime’s e-invoicing is not limited to a single voucher type. Tally Prime enables e-invoicing for POS, debit notes, and credit notes in addition to traditional sales invoices. Whatever method you use to record your supply in Tally Prime, you can simply generate an IRN when saving your invoice and printing the QR code and other details. If you later decide to change the contents of your transaction, you can easily cancel the current IRN and obtain a new IRN for your amended invoice. This will verify that the information in your e-invoice is correct.
Tally Prime additionally gives you the option of creating numerous e-invoices at the same time. You can generate the e-invoice later from the e-Invoice report. Furthermore, you can generate the e-Way Bill alongside your e-invoice using Tally Prime, or you can generate the e-Way Bill without the e-invoice if necessary.
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