Tangentia e-Invoicing Gateway


Get e-Invoicing Compliant in 10 Days with Tangentia & Avoid
Government Fines

Tangentia e-Invoicing Gateway (TeIG) is an integrated approach for meeting the new e-Invoicing Goods and Services Tax (GST) compliance requirements set out by the Government of India.

Avoid hefty penalties of ₹10,000 for non- compliance for each instance and ₹25,000 for incorrect invoicing

72d 4h 21m 24s

Get compliant by the 1st of Jan 2021 for 100Cr companies and 1st of April 2021 for all.

What is e-Invoicing?

Businesses of all sizes send and receive invoices on a daily basis. These invoices come in a variety of formats, such as mail, fax, and email. Each invoice that is received must be manually entered into the company’s accounting system. It’s a tedious system that takes time and is prone to human error.

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How Does It Work?

E-Invoicing is a solution that allows businesses to send and receive invoices electronically. Businesses can either send invoices in EDI or XML format or they can upload their invoice or key the invoice information directly into the website.

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E-INVOICING GATEWAY

Get e-Invoicing compliant within 10 days & avoid government fines

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E-WAY BILL GATEWAY

Generate GST returns and reconcillitions via one easy-to-use platform

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GST GATEWAY

Securely file GST returns through the Cloud and reduce errors

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Get Compliant With Tangentia Gateway Before the India e-Invoicing Deadline

1st January 2021

E-Invoicing ensures that businesses are in compliance with current regulations in the countries in which they do business. This includes the new e-Invoicing GST requirements recently introduced by the Indian Government.

72d 10h 50m 56s

Tangentia e-Invoicing Gateway Features

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SEAMLESS INTEGRATION

TeIG integrates seamlessly with ERP and offers multiple options for ERP integration. This includes Flat file, API based, and Manual integration. It also allows reverse integration with ERPs and integrates with other systems and other Navigate Tax solutions.

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CONFIGURABLE DATA VALIDATION CHECKS

Extensive validation checks and real-time monitoring are performed to ensure the legal accuracy of all e-invoice data and to ensure there are no duplicate invoices. Potential errors are flagged so they can be closely examined, and all return filings are 100% accurate.

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AUTO-EXCLUSION OF DOCUMENTS

There are a number of documents that are required to generate an IRN, such as the supplier invoice and both a credit and debit note from the supplier. Documents that are not required for IRN are automatically excluded from the invoicing process, making it more streamlined.

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AUTO-GENERATION & CANCELLATION OF IRN

Every invoice that is entered into India’s Invoice Reporting Portal (IRP) results in the generation of an Invoice Reference Number (IRN). TeIG is capable of bulk generation of IRNs, making it an all-inclusive solution for end-to-end IRN and GST compliance.

Benefits of e-Invoicing

Fewer Errors

Facilitates the automated reporting of invoice data on a single portal, reducing the risk of errors during data entry. This results in the creation of an accurate Payable account for the organization, which is reconciled with a client’s Receivables account.

Reduced Costs

Real time tracking of bills facilitates faster availability of Input Tax Credit (ITC). Faster processing of bills will result in shorter pay cycles. It will also provide incentives, increase cash flow, and eliminate the need for maintaining tedious paper documentation.

Opportunity for Automation

e-Invoicing makes it easy for companies to automate tedious tasks, including the bulk generation of IRNs and comprehensive and configurable data validation checks. It also provides real-time monitoring, seamless integration, and streamlining of the invoicing process.

E-Invoicing FAQs

e-Invoicing (also known as electronic invoicing) is a form of digital invoicing that is becoming increasingly common when issuing B2B invoices. Specifically, the electronic invoicing system is an integrated solution designed so that one ERP system can electronically generate and send an invoice to another ERP system, which will automatically receive and process the invoice.

e-Invoicing comes with a number of benefits for both the supplier and the buyer. For the supplier, these benefits include:

• The ability to make payments more quickly and improve cash flow
• Improved account reconciliation
• Lower costs
• Fewer late payments, disputes, and lost or rejected invoices
• Better customer service and satisfaction
• Improved compliance and the prevention of fraud and financial losses
• Shorter payment cycles
• Easier return filing

There are also many benefits for buyers, including:

• Lower costs
• Elimination of human error during manual data entry and matching invoices with other documents
• Automation of repetitive, tedious tasks
• Discounts for early payment
• Better relationship with supplier

In addition to these benefits, with this form of digital invoicing both the supplier and the buyer reduce their carbon footprint.

All the information that would typically be included on a traditional paper invoice is required on an e-Invoice in the GST portal. The minimum amount of data an e-Invoice will have includes:

• Supplier name and address
• Invoice date
• Type of product
• Quantity of product
• Currency
• Total amount owing
• VAT amount that is payable
• Discounts or rebates (if applicable)
In addition to this data, the e-Invoice can also include: • Invoice number
• Customer name and address
• Supplier VAT number
• Customer VAT number
• Data of delivery or supply or goods or services
• Unit price before VAT
• VAT rate
• VAT amount payable (if applicable)
• If VAT exemption applies, a reference to prove exemption
• When advanced payments were made (if applicable)
• IBAN/SEPA number (applicable to international deliveries)
• BIC/SWIFT code (applicable to international deliveries)

GST e-Invoicing will apply to all registered businesses that generate Rs 500 crore or more in annual revenue. Businesses that are exempt from e-Invoicing include:

• Those generating less than Rs 500 crore in annual revenue
• Airlines
• Banks
• Insurance companies
• Telecom service providers
• The armed forces

When e-Invoices are generated, they will be electronically transmitted to the Invoice Registration Portal (IRP) in JSON format, where they will be assigned an Invoice Registration Number (IRN). The invoice will then be validated, and a confirmation message will be sent to the supplier. Validation will be granted if:

• All mandatory fields have been filled out
• The supplier’s Goods and Services Tax Identification Number (GSTIN) is valid
• The buyer’s GSTIN is valid
• The invoice number and fiscal year are valid
• The invoice does not already exist in the system

Once the IRN is assigned, a QR code will be generated and provided to the supplier and buyer so they can verify that the e-Invoice is authentic and that it has been properly registered in the GST system.

The reason behind the introduction of the GST e-Invoicing system is to minimize tax evasion, improve tax services, and make GST administration more efficient. The primary differences between the current system and the new invoice platform are as follows:

• Invoices in the new system are required to follow a specific format and must include parameters that were once optional but are now mandatory.
• The IRN is mandatory under the new system, whereas there is no standard requirement or format for it in the current system, other than it must be sequential.
• In the new e-Invoicing system, there is a method of validating invoices, digitally signing them, and notifying the supplier and buyer of this validation via the use of a QR code.
• Automated updates of information in the new e-Invoicing system minimize the need for people to perform manual data entry and the potential for mistakes due to human error.
• The amendment of an invoice in the new system requires changes and cancellations to be made within 24 hours of being transmitted to the IRP.
• Invoice details in the new system can be viewed only with the use of the QR code, as opposed to on the GST portal of the current system. In addition, the new system sends the supplier and buyer an email ID that allows them to save a copy of the invoice.
• It is easier to verify an invoice is genuine in the new e-Invoicing system, compared to the current system.
• The new system reduces the need for a search of the transaction, as the details are automatically made available to relevant departments.

Note that in the new system a paper invoice can be issued in same manner in which is issued in the current system.

Book a Consultation Call

Schedule a 20 minute call with one our e-Invoicing Experts to discuss how to get started

Our Indian Presence

We work with Indian organization and businesses across all the major cities

Why Tangentia?

Tangentia brings 16+ years of global experience to B2B and B2C transactions. As an EDI Solution provider to more than 1,000 customers, including 12 Fortune 500 companies, and with an experienced team of more than 150 professionals, Tangentia is a leader in digital transformation solutions.

TRUSTED IBM PARTNER

Tangentia is partnered with IBM to provide cloud-based EDI solutions using the SaaS model. We make it easy for you to access a robust and feature-rich infrastructure.

24/7 SUPPORT

Our company has offices in Canada, the United States, and India. The support you need to keep your systems up and running is never more than a phone call or click away.

ENTERPRISE-GRADE QUALITY FOR MSME

We have spent decades providing cutting edge EDI services to businesses looking for reliable, scalable, and customizable solutions.

HIGHLY INTEGRABLE

Integration is everything when it comes to an EDI solution. Our platform is compatible with UPS WorldShip, FedEx Ship Manager, Canada Post EST 2.0, Purolator E-Ship Server (ESS), and more.

SUPPORT FOR GLOBAL EDI STANDARDS

Security is more important than ever today.Tgateway offers best-in-class encryption and HIPAA-compliant solutions for 4010 and 5010 EDI specifcations.

UNPARALLELED COST SAVINGS AND RELIABILITY

Working with a tight budget and a specific deadline? Our team knows how to deliver on time and on budget.

Contact us today for more information about how the Tangentia e-Invoicing Gateway can help with IRN and GST compliance.