The recent notification by Central Board of Indirect Taxes and Customs (CBIC) of India making GST E-Invoices and QR code mandatory in a phased manner for companies having turnover of INR 100 Cr and more is a game changer. The Government of India has wisely taken a leaf out of China’s Golden Tax System and adapted it to the Indian scenario.
We at FACT Software have always been a proactive software provider working closely with government bodies and regulators. We have been a Value-Added Services (VAS) provider on Singapore's Networked Trade Platform (NTP) since 2018. We received the Certificate of Appreciation from the Minister for Finance, Mr. Heng Swee Keat at the official launch of NTP.
In support of India’s ambitious digitization goal, we have already started incorporating E-Invoicing in our flagship FACT ERP.NG in an integrated manner. The new version of FACT ERP.NG has been delivered free to all our registered clients and they will not need to generate the E-Invoice on the GST Portal separately, thereby reducing manual work to zero and eliminating errors at the same time.
What is unique about this solution is that as soon as the Sale Invoice is entered in FACT ERP.NG, it will travel to the GST Portal via an API Call to as ASP and the IRN Number will be passed back to FACT ERP.NG and saved automatically. Fully automated. No human intervention, no manual work, no more delays. No E-invoicing headaches.
We have always believed in providing our customers with a spreadsheet free life and integrated GST E-Invoicing is a further step in the same direction.
Do not hesitate to reach us to know more about this feature and the ever evolving FACT ERP.NG.
Founder & Group CEO