How to create e-Invoice in TallyPrime Step by Step

How to create e-Invoice in TallyPrime Step by Step

e-Invoicing is currently mandated for businesses with an annual turnover of over Rs 50 crore. By 1 October 2022, it will available to taxpayers with an annual turnover of over Rs 10 crore. Previously By 1 January 2021, the government was announced e-invoicing for taxpayers with an annual turnover of over Rs 50 crore. Previously By 1 October 2020, the government was announced e-invoicing for taxpayers with an annual turnover of over Rs 500 crore.

TallyPrime provides you with an online e-invoicing solution that fits right into your regular invoicing process. e-Invoicing in TallyPrime isn’t restricted to only a particular voucher type. Apart from regular sales invoice, TallyPrime also supports e-invoicing for POS, debit notes, and credit notes. What’s more, even receipts and journal vouchers are supported for e-invoicing when they are used for sales.

No matter how you record your supplies in TallyPrime, you can easily generate an IRN while saving your invoice and print the QR code and other details. Later, if you want to update the details of your transaction, then you can easily cancel the current IRN and get a fresh IRN for your updated invoice. This will ensure that the details in your e-invoice are up-to-date. Moreover, you also have the choice of generating the e-Way Bill along with your e-invoice, or even generate the e-Way Bill without the e-invoice, if required.

There are some steps given below. its help you easily generate E-invoice without any Problems

1. Required Some Steps for a Smooth e-Invoicing Experience:-

(I) On the E-invoice Portal or IRP (Invoice Registration Portal).

Register your business on IRP (Invoice Registration Portal). (if you are not registered kindly visit our preview Post links are given below. There are Provide Step by step solutions for E-invoice Registrations)

Create an API user by selecting Tally (India) Pvt Ltd as the GSP. Enter this API user credentials in TallyPrime, whenever prompted.

(II) Setup In TallyPrime and systems.

  1. Add TallyPrime to the exceptions list of your firewall and anti-virus software.
  2. Verifications and corrections in the ledgers and inventory masters:
    • Enter the correct 6 digits or more than 6 digit HSN/SAC details in the ledgers and stock item masters(it’s mandatory from 1 April 2021)
    • Enter the correct rates for HSN/SAC.
    • Select the correct Type of Supply (Goods/Services) in the masters.
  3. Verifications and corrections in the party masters:
    • Enter the correct address, state, country, and Pincode of the party.
    • Enter a valid GSTIN for the regular/composite party.
  4. Ensure that your invoice numbers do not start with ‘0’. Invoice numbers starting with ‘0’ are rejected by IRP. Also, ensure that you do not start your invoice numbers with the special characters ‘/’ (forward slash) or ‘-‘ (hyphen) although these characters are allowed as part of invoice numbers.
  5. Enter all the mandatory e-invoice details in the transaction.
  6. Ensure that your invoice numbers start with Alphanumeric for Example TG/2021-22/001.
  7. Ensure that your invoice numbers do not more than 16 characters (include all symbol).

Generate IRN and Print QR Code in Sales voucher.

You can easily generate an IRN, Achlogment No with QR code while saving your Sales invoice and also print the IRN, Achlogment No with QR code and other details. If you want to Generate your e-Way Bill details along with your e-invoice, then set the option Send e-Way Bill details with e-Invoice to Yes in your company (F11) features. you can visit the given below link For more details.

  • Go to Gateway of Tally➢Vouchers➢Press F8 (Sales). (Alternatively, press Alt+G (Go To)➢Create Voucher➢press F8 (Sales).
  • In Party A/c name, select the customer ledger From Party-list or the cash ledger.
  • Select the common sales ledger in which the GST rate is not defined.
  • Select the stock items defined with different GST rates, HSN Details and specify the quantities and rates for each of them.
  • Select the central and state tax ledgers. GST will be calculated based on the GST rates defined in the stock items.

  • Press Ctrl+I (More Details)➢type or select GST – Tax Analysis to view the tax details. Press Alt+F5 (Detailed) or Press Alt+F1 to view the detailed break-up of tax

  • Press ESC to return to the voucher.
  • Set the option Provide E-Invoice details to Yes. The e-Invoice Details screen appears.

 

  • Specify the Bill to place and Ship to place, if this is your first e-invoice for the party. These details will be carried forward in subsequent transactions.

You can also change your dispatch from details for e-invoicing. if you want to change your dispatch from details.
Press F12 (configure) and Set the option Provide Dispatch From details to Yes after that Press Enter. The e-Invoice Details screen appears.

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