Printing AR Electronic Invoices for GST
According to the amendments introduced by the Central Board of Indirect Taxes, all GST-registered taxpayers who had a turnover of more than INR 100 crore in the previous financial year are mandated to electronically register their invoice information in a prescribed manner with the National Invoice Registry (IRP) and get the Invoice Reference Number (IRN) from the portal along with other details including data for the QR code. Additionally, companies are required to submit a digital version of the invoices.
You run the Legal Document Print Process program (R7430030) to generate legal documents for accounts receivable invoices. The R7430030 program uses the electronic invoice template that you set up in the Legal Document/UBE Relationship program (P7430024).
The R7430030 program print the invoice information in a format that meets the regulatory tax invoice requirement and includes this information:
For account receivable documents, you generate the electronic invoice using the electronic invoice template.
The electronic invoice template for GST includes this information:
Invoice reference number and the corresponding QR code data
References to previous invoice details that include the preceding invoice number and the corresponding date
Project Reference and Originator Document Reference
Address of the customer and the GSTIN of the GST unit linked to the supplier business unit
Invoice number for the sales order, which is system-generated and is a concatenation of the issue place (invoice series)
Each invoice document included in the report has a unique legal invoice number that is of 16 characters.
Supplier information that includes the name, GSTIN, and supplier address along with the name of the state
Buyer information that includes the name, GSTIN, and buyer address along with the name of the state
Payment information that includes the name, financial account details, mode of payment, bank details, and payment instruction
Item information: the description of the item, HSN code, quantity of the item, price of the item, gross amount, discounted amount, assembled value, GST rate, CGST amount, SGCT amount, and total amount.
The total item price is derived by deducting any discounts or abatements, if applicable.
HSN code is used for stock items.
Total invoice amount
The R7430030 program includes the processing option that allows you to run the report in proof mode or final mode. When you run the program in final mode, the system generates the invoice number. The system generates the invoice number and then updates the GST Tax File table (F75I807).