What is E-Invoicing?
In recent years, India has witnessed a significant transformation in its tax administration and compliance procedures. One of the most important processes among them is the introduction of Electronic Invoicing, commonly referred to as E-Invoicing.
E-invoicing is a digital method of generating, sharing, and reporting invoices between businesses and tax authorities. It aims to streamline the invoicing process, enhance transparency, and curb tax evasion.
It promotes compliance by reducing errors and preventing the manipulation of invoices. It enhances the accuracy and reliability of financial data, leading to a more transparent and accountable taxation system.
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E-Invoicing Requirements in India
The Indian government introduced E-Invoicing as a part of its larger digitization and simplification initiatives under the GST framework.
Electronic invoicing is intricately linked with the GST, a comprehensive tax system that replaced a plethora of indirect taxes in India. GST mandates businesses to maintain proper records of their transactions, and E-Invoicing serves as a pivotal tool to fulfill this requirement.
For hotels and businesses in the hospitality sector, adhering to E-Invoicing requirements in India is crucial for a smooth and hassle-free operation. E-invoicing is mandatory if your hotel’s annual turnover exceeds a certain limit, which might vary as per the latest GST regulations, currently which is Rs 5 crore.
These GST e-invoices must have a special reference number and a QR code, making it easier for tax authorities to verify them. You must meet these requirements to avoid penalties, which can be quite a headache for hotels.
But the good news is, today there are countless software available in the market that comply with the government’s regulations and automate the e-invoicing process.
One such software is Saral.
What is Saral E-Invoicing?
Saral is a third-party software that can be integrated with your hotel management software to automate the e-invoicing process. It streamlines the process of generating, sharing, and managing E-Invoices in compliance with the GST regulations in India.
This integration automates GST return filling and offers paperless, error-free, and automated invoicing with no manual inputs.
This technology ensures compliance with e-invoicing regulations, streamlines financial operations, and enhances guest experiences through efficient and accurate invoicing. By integrating Saral e-Invoicing into hotel software, businesses can elevate their operational efficiency while maintaining regulatory standards.
Benefits of Integrating Saral E-Invoicing
Along with automating your GST e-invoicing process, Saral e-invoicing allows you to cancel or edit any previously generated invoice. Its user-friendly interface makes GST return-filling convenient without any to and fro between multiple solutions.
It lets you import and download e-invoices with QR codes and minimizes the possibility of audits and surveys by tax authorities. Saral also has accounting and billing packages for you.
Summing it up, the key benefits of Saral are:
- Integrates and automates GST return filing.
- Automatically generates E-Invoice.
- Download and print invoice with QR Code.
- Cancel the uploaded invoice anytime.
- Lesser possibility of audits/surveys by the tax authorities.
Now that you know how beneficial Saral is for your business, let’s understand how you can integrate Saral to your system.
How to Integrate Saral E-Invoicing?
Saral e-invoicing is super easy to incorporate. You need no technical knowledge, installation or any extensions. To integrate it with your property all you need is a cloud-based hotel PMS.
Sounds very simple right?
So basically, all you need to do is integrate Saral into your PMS and ensure it has access to all your financial data, including transaction records and bills. With this access, Saral generates accurate, automated invoices for every single transaction, ensuring your GST requirements are met.
How can eZee help you integrate Saral E-Invoicing?
With an industry expertise of over a decade, eZee has been one of India’s frontrunners in hospitality technology. Today it offers a plethora of hospitality solutions that are transforming businesses for the hospitality sector— accommodation providers and restaurants.
Along with its end-to-end encrypted hospitality solutions, eZee has also constantly updated and integrated its solutions to offer users a seamless experience.
Keeping resonance with this, today eZee offers an integration of its cloud-based hotel PMS— eZee Absolute with Saral e-invoicing. This means eZee Absolute users can directly enjoy the benefits of Saral without any technical installation or hassle, just at a nominal fee.
The key benefits of this integration are:
Here’s everything you need to know about integrating eZee Absolute with Cleartax.
How to Avail This Integration?
If you are already using eZee Absolute, then all you need to do is contact your account manager to avail of this integration.
And if you are looking to switch your current hotel software with eZee Absolute, we give you ten reasons to do so!
Conclusion
With so much fixation on e-invoicing, you must be thinking it is another burden to comply with. But trust me it isn’t. Once you have a clear idea of what actually e-invoicing is and how it will help you comply with GST, you will roll with it.
And with eZee’s latest integration to a comprehensive software like Saral, automating your e-invoicing becomes super easy. Choose your PMS wisely and witness seamless e-invoicing.
