GJEPC organised a webinar to explain the process of E-Invoicing, in association with global consultancy Deloitte, on 28th May 2021. The session was attended by over 130 members.
Companies with a turnover of more than Rs.50 crore are required to comply with E-Invoicing norms from 1st April 2021. Further, the Government’s push for electronic compliances has resulted in a need for increased use of technology-based tools, with features that can suit the diverse needs of business without compromising on data security.
Two guest speakers from Deloitte, Amit Kumar Sarker, Senior Director – Tax, Indirect Tax, and Hemant Manurkar, Director, Tax, provided insights on the following topics:
- What is e-Invoicing?
- Mandatory timelines to do E-Invoicing as per Turnover
- Impact on existing processes, systems, and business
- Direct impact on cash flow and working capital
- Significant changes on key operational and financial aspects
- Deloitte offering: Bolt-on 2.0: A comprehensive solution for all GST compliance requirements : e-invoicing, e-way bills, Returns.
- Deloitte PoV and solution
- Key features and functionalities
- Process flow of e-invoicing
- Process flow of GST returns
- B2C Dynamic QR code
- Modes of integration – APIs and sFTP: Data Preparation & Validation, IRN and QR Code Generation, Data Feedback.
- Data security and support model
- Deloitte differentiators: User friendly & Additional features
- Deloitte tax technology solution highlights & Key Features
- Way forward