Table of Contents

Table of Contents

Significance of Working Capital Management for MSMEs
How SCF is better than other financing options
Why SCF is synonymous to easy financing
How SCF is Transforming MSMEs in B2B Industries
Make your business credit ready through SCF
Conclusion

How to Generate an e invoice and IRN with Bizongo InstaInvoice? Step-by-Step Guide

April 3, 2024
5
min read

Recently e invoicing has become a vital component for enterprises to ensure efficiency, accuracy, and compliance.

With the introduction of the government's mandate, the process of generating e invoices has taken a significant turn. In this comprehensive guide, we will walk you through the step-by-step process of filing an e-invoice using Bizongo InstaInvoice, a cutting-edge online e invoicing solution. Whether you're a business owner or just starting out, it's vital to grasp the finer points of e-invoicing and how it can bring efficiency to your invoicing process. Let's delve into the world of e invoicing with Bizongo and discover how it can streamline your operations while ensuring seamless compliance with GST regulations.

Exploring E-Invoicing within the GST Framework:

E invoicing under GST is a term that signifies the electronic invoicing system mandated by GST law. Much like how GST-registered businesses rely on e-way bills for the movement of goods, specific GST-registered businesses are obligated to create e invoices for their Business-to-Business (B2B) transactions.

How to File an E Invoice with Bizongo InstaInvoice:

1. Enter Your GST Details:  

 - Begin by entering your GSTN (Goods and Services Tax Number). The system will automatically fetch your company details, including your address.

2. Choose Sold by/Bill From Address

Choose Sold by/Bill From Address

3. Enter invoice details

Enter invoice details

4. Enter Your Buyer Details:

In the e invoice generation process with Bizongo, after entering your GST details and invoice information. This ensures proper linkage to the buyer's details and adds transparency to the transaction, facilitating compliance with GST regulations and providing clarity in invoicing.

In the e invoice generation process with Bizongo, after entering your GST details and invoice information. This ensures proper linkage to the buyer's details and adds transparency to the transaction, facilitating compliance with GST regulations and providing clarity in invoicing

5.Choose Bill To Address

Select the billing address for sending the invoice.

Select the billing address for sending the invoice.

6. Choose Delivery Address

Specify the address for goods or services delivery.

Specify the address for goods or services delivery.

7. Enter Product Details:

   - Click on "Add item" and provide details such as the product, HSN (Harmonized System of Nomenclature) code, quantity, and price.

Click on "Add item" and provide details such as the product, HSN (Harmonized System of Nomenclature) code, quantity, and price

8. Add Other Information and Generate E-Invoice: 

After inputting all necessary details, including buyer information and addresses, add any additional required information. Then, click on "Generate e Invoice" located at the top right of the page.

After inputting all necessary details, including buyer information and addresses, add any additional required information. Then, click on "Generate e Invoice" located at the top right of the page.

Sign In and Automatic Filing: Upon clicking, you will be prompted to sign in. Once signed in, your e-invoice will be automatically filed in the backend government portal of GST, ensuring seamless compliance with tax regulations.

Upon clicking, you will be prompted to sign in. Once signed in, your e-invoice will be automatically filed in the backend government portal of GST, ensuring seamless compliance with tax regulations.

And there you have it!

You've just saved precious hours from the clutches of tedious e invoicing, and you did it in a matter of seconds thanks to Bizongo's InstaInvoice feature! No more wrestling with complicated forms on government portals.

Say goodbye to those pesky human errors in e-invoicing and say hello to maximum ease and 100% GST compliance. It's a win-win!
Still not convinced?

Here are some Advantages of the GST E-Invoicing System, such as Bizongo's InstaInvoice:

Streamlined Reporting and Authentication: The GST e-invoicing system simplifies the reporting and authentication of B2B invoices through a centralized portal, automatically generating GST ANX-1 and ANX-2 in the new format, along with GSTR-1 for B2B supplies.

Efficient E-Way Bills: Utilize e-invoicing to effortlessly generate e-way bills by providing only vehicle details, streamlining the complexities of transportation logistics.

Improved Collaboration: Suppliers can seamlessly share their invoices for authentication with buyers, promoting collaboration and reducing the need for manual reconciliation efforts. Additionally, this process enables suppliers to directly send invoices through the system, expediting payments from the buyer.

Accurate Input Credit Matching: The system performs automatic input credit matching with output tax, ensuring precise tax calculations and compliance.

Versatility: Embrace the flexibility of e-invoicing, which allows for the creation of various documents, including Debit/Credit Notes, Invoices, and other eligible documents, catering to diverse business needs.

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Bizongo offers invoice Management for Accounting Ease

Bizongo offers a range of valuable features for e invoicing:

1. On-the-Go e invoicing: With Bizongo's InstaInvoice, you can effortlessly generate e invoices on any device, including mobile, ensuring convenience and flexibility in your invoicing process.

2. Invoice Customization: Customize your invoices with ease, adding essential details like miscellaneous charges, custom notes, brand logos, rates, and units. You can also establish invoice number series and automate invoice number creation for a tailored invoicing experience.

3. Fast-Tracked Payments: Government-approved e invoices generated through Bizongo facilitate quicker payments. Send accurate e invoices directly from the platform to your customers, ensuring prompt and efficient transactions.

4. 100% GST Compliance: Bizongo guarantees complete adherence to government regulations for businesses with turnovers exceeding ₹5 crore, ensuring your business remains fully tax compliant.

To summarize, Bizongo's InstaInvoice e invoicing solution streamlines the invoicing process, enhances accuracy, and ensures compliance with GST regulations.

Free GST E-invoice generator

Embrace this efficient tool to simplify your invoicing requirements and stay competitive in the business world.

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