Your businesses will benefit from e-Invoicing in the following ways:
- Limited Errors: e-Invoicing in GST resolves and plugs a significant gap in GST data reconciliation and reduces errors. e-Invoices lessen the need for manual inputs and improve automation. It enables interoperability and minimises data entry errors compared to paper-based invoices.
- Easy Invoice Tracking: The e-Invoicing software determines the time of sending, viewing, and paying an invoice and thereby helps real-time invoice tracking.
- Reduced Tax Evasion: e-Invoicing software allows real-time access to invoice data and facilitates the availability of genuine input tax credit. Hence reduces the possibility of invoice manipulation.
- Data Integrity: e-Invoices certify the legitimacy of audits and surveys since the tax authorities can find the information needed at the transaction level.