e-invoicing or electronic reporting of sales invoices will soon be a reality. There are several myths and misconceptions about e-invoicing. It will be helpful to know some facts:

• e-invoicing is electronic reporting of the sales invoices to the GSTN through the Invoice Registration Portal (IRP). Invoices will not be generated on the IRP.
• e-invoice does not replace e-way bill. An e-way bill will be required for transport of goods. Data from e-invoice can be used to autopopulate e-way bills. There will still be some transactions which do not require e-invoice but e-way bill will be required
• e-invoice does not change the tax structures or computation, but the reporting only. Compliance is an IT exercise - not a tax consulting task.

• Solsynch is a registered ASP aligned with one of the leading GSPs of India
• Solsynch has developed a cloud-based application to integrate the SAP system with the IRP
• SAP documents can be transmitted real time to the Solsynch portal with the highest security and encryptions.
• After validation, the data can be transmitted to the IRP.
• Registered invoice number along with the QR code and digital signature generated by the IRP can be transmitted back to the SAP system for further processing / printing.

• Unlike GST returns, e-invoicing is a real time transaction. It will be practically impossible or extremely cumbersome for companies to generate e-invoices in offline / manual mode.
• Integration with backend systems is practically mandatory for smooth operations.

• Solsynch has been delivering solutions synchronized to our customers' business for several years now
• We have a team of experts who specialize not only on the technical aspects of SAP but also have a sound understanding of the taxation system in India.
• Solsynch already has a working portal for e-way bill generation and GST returns process.