IRISIRP

📢Advisory on Business Continuity for e-Invoice and e-Waybill Systems: What It Means for Your Business! The latest GSTN advisory highlights mechanisms to safeguard businesses from disruptions in e-Invoice and e-Waybill systems. Here’s why this matters: 🚨 Key Impacts on Businesses: 1️⃣ Service Continuity: Smooth e-Invoice and e-Waybill operations are essential for supply chain efficiency, compliance deadlines, and cash flow stability. Any downtime can cause significant disruptions, making a reliable contingency plan crucial. 2️⃣ Multi-IRP Strategy: With six operational IRPs, including IRIS IRP 6, businesses have more options to ensure continuity. Familiarizing yourself with these portals is now a strategic necessity. 3️⃣ Cross-Portal Preparedness: Unified token systems and API interoperability mean your systems must be equipped to handle operations across multiple portals without a hitch. 4️⃣ Future-Proofing Compliance Systems: Proactively adopting redundancy mechanisms ensures your compliance systems are resilient against disruptions and future challenges. 🌟Your Business Continuity is Our Priority At IRIS, we understand the importance of uninterrupted operations. That’s why our platform is integrated with both NIC1 and NIC2, ensuring the ability to seamlessly switch between these systems in case of downtimes. As an IRP ourselves, we offer: 🔹Seamless E-Invoice Generation 🔹Integrated E-Way Bill Solutions 🔹E-Way Bill Generation via IRN With IRIS, you can focus on your business growth while we ensure your compliance journey remains smooth and hassle-free. We've got you covered! 🌟 🔗 Read the full advisory here https://lnkd.in/g__7aNYf #GSTCompliance #BusinessContinuity #eInvoice #eWaybill #IRISIRP6 #IRISGST

🌟 Insights on India's e-Invoicing System with GSTN! 🌟 In GSTN's "Know Your IRP" video series, Gautam Mahanti, Senior VP & Business Head at IRISGST, and kiran gorde Senior Customer Engagement Manager, IRISGST, had an engaging discussion with Naveen A., IRS Deputy Commissioner/OSD to CEO, GSTN. 🎯 Highlights: 👉 A closer look at India's B2B e-Invoice System and the role of Invoice Registration Portals (IRPs) 👉 How IRIS IRP-6 streamlines compliance, enables real-time validation, and simplifies GST return filing 📺 Watch the episode to learn how e-Invoicing benefits taxpayers and transforms compliance: https://lnkd.in/dUE4ySrP IRISGST IRIS Business Services Limited #eInvoicing #IRISGST #GSTCompliance #DigitalTransformation #KnowYourIRP

🔔 Important Update for Taxpayers! Starting April 1, 2025, the threshold for the 30-day e-Invoice reporting time limit on the IRP portals will be reduced. Now, businesses with an Annual Aggregate Turnover (AATO) of ₹10 crores and above will need to comply with this timeline. This change affects the timely reporting of all e-Invoices, Credit Notes, and Debit Notes, so early preparation is key! 👉 Read the complete advisory for full details and compliance requirements. #GST #GSTIndia #GSTAdvisory #GSTSolution #IRP #EInvoicing #Invoicing #IRISIRP IRISGST

We were honoured to have Mr. Chirag Raj, AVP (E-Invoice) GSTN and Mr. Rajeev Gupta, Senior Manager, Services Goods And Services Tax Network visit our IRIS office in Mumbai!   Their insights and continued collaboration through our IRP partnership have been instrumental in driving our growth and helping us scale new heights in the world of e-invoicing. Together, we are shaping the future of digital tax compliance, making processes more efficient, transparent, and seamless for businesses across the country.   Looking ahead, the future of e-invoicing and digital transformation holds incredible promise, and we are excited to be at the forefront of this journey, powered by innovation and strong partnerships.   A heartfelt thank you to Chirag and Rajeev for their invaluable contributions and support! Here's to many more milestones together! In frame (From left to right): 1. Shilpa Dhobale (VP- Design and Innovation, IRISGST) 2. CA Vaishali Dedhia (Product Manager, IRISGST) 3. CMA Neena Sethi (Product Head, IRISGST) 4. Chirag Raj (AVP (E-Invoice, Goods And Services Tax Network) 5. Rajeev Gupta (Senior Manager, Services, Goods and Services Tax Network) 6. Gautam Mahanti (VP and Business Head, IRISGST) 7. kiran gorde (Senior Manager Customer Engagement, IRISGST) IRISIRP #GST #GSTIndia #IRP #Invoicing #EInvoicing #BusinessTalks

Honouring Independence Day by embracing our heritage and striving for global excellence.✨ At IRIS, we're revolutionizing TaxTech with transparency, trust, and innovation, showcasing India's strength and ingenuity on the world stage. Let's turn every dream into reality as we celebrate the spirit of our nation. Happy Independence Day! 🚀🎉 Jai Hind! #IRIS #IndependenceDay #Innovation #GlobalExcellence #ProudlyIndian IRIS Business Services Limited IRISIRP

Marking 25 years of Kargil Vijay Diwas, we salute the extraordinary bravery of our soldiers who defended our nation with honour and sacrifice. #25YearsOfKargilVijay #KargilHeroes #Kargil #KargilWarMemorial

The recent GST council meeting has introduced GSTR 1A, a highly anticipated optional facility allowing businesses to update or correct information filed in GSTR 1. This provides significant relief to businesses, enabling them to rectify errors and omissions, thus ensuring more accurate tax filings. Such proactive measures could potentially reduce the number of notices related to data discrepancies in filed returns.   While this addresses accuracy in liability reporting, it also has a ripple effect on Input Tax Credit (ITC) claims, which must be carefully considered.   Here's why: Transactions reported in GSTR 1 reflect in the recipient’s GSTR 2A and subsequently in GSTR 2B, which is the basis for ITC claims. Any amendments in the vendor’s GSTR 1 will consequently impact the ITC for the recipient. This means reconciliation and ITC computation will need to account for these changes, adding another layer of complexity.   GSTR 1, which we can now amend, is based on the e-invoices we generate. E-invoices can’t be edited once created—only cancelled within 24 hours. We have 30 days from the invoice date to generate an e-invoice, and GSTR 1 for a month must be filed by the 11th of the next month.   If we generate an e-invoice and later change that transaction in GSTR 1 or GSTR 1A, it adds another layer to our reconciliation process. We need to ensure our sales register, filed GSTR 1, and amended GSTR 1A all match up.   In our recent webinar held shortly after the council meeting, we gauged the reaction to the GSTR 1A announcement. The primary concern among businesses is the impact on ITC claims, followed by the limited time available for amendments.   All these interconnected actions remind us that GST compliance is like a chain reaction—one change can trigger several others. It's crucial to manage these reactions with thorough reconciliations and clear audit trails.   #GSTCompliance #GSTR1A #TaxReporting #ITC #EInvoicing #BusinessFinance #TaxExperts #GST #WebinarInsights #TaxTech #ComplianceMatters  IRISGST IRISIRP   Please note rules for time limit of 30 days, GSTR 1 filing, sync between e-invoice and GSTR 1 can vary for certain businesses and scenarios. The most commonly applicable dates and scenarios are used for explanation

🧘♂️ Stretch, breathe, and find your calm. Celebrate International Yoga Day by nurturing your body and soul. 🌞🌿 #YogaDay #Mindfulness #InnerPeace #InternationalYogaDay

Sending you warm wishes on Eid al-Adha! May this special day be joyous and memorable for you and your family. 🌙🤲 #EidAlAdha #EidMubarak #GST #GSTIndia #GSTSolution #IRN #IRNGeneration #EInvoicing

🔊 The Tax Tech Landscape - June edition 2024 is out! In a different format this time, because it didn't fit on one page anymore. Swipe to see all the categories 👉 Find all the product details in the database of #tacs here: https://lnkd.in/efqKQjfR In this June edition: ✅ The following new category is added: "BEPS Pillar 2 Tools" ✅ Added to "BEPS Pillar 2 Tools": AMCO Solutions Wolters Kluwer Orbitax ARKK EY msg global solutions TaxModel International Aibidia insightsoftware ✅ Added to "AI tax tools": Dhruva Advisors LLP Formations ✅ Added to "TP Tools": msg global solutions Aunetic Germany Taxtimbre ✅ Added to "E-invoicing Tax Tools": OpenText IRISIRP ✅ Added to "Tax Collaboration Tools": SafeSend ✅ Added to "Indirect Tax Automation": Cordiance ✅ Added to "Business Tax Reporting": Taxlab IRISIRP Drake Software ✅ Added to "Global Tax Compliance": AMANA - a LucaNet company SAP Concur ✅ Added to "VAT Compliance Tools": countX IVA Consulta ✅ Added to "Tax Data Management Tools": Taxbit Thanks to the input of our #tacs members we have been able to put this landscape logo list together! Thank you very much. Let us know in the comments if you have any questions or if you want your company to be added, so that we can have a look. Thanks! #taxtechlandscape2024 #taxtech #taxtechnology #taxtechspace #taxtechcommunity