Article: How to Enable e-Invoicing in Tally Prime

Article Summary

This article guides users through the steps of enabling e-Invoicing in Tally Prime, explains how to register for e-Invoicing on the government e-Invoice portal, and highlights the minimum turnover requirement for businesses to start generating e-Invoices. It also provides information about setting up Tally Prime as a GSP (GST Suvidha Provider) for seamless integration.

What is e-Invoicing?

e-Invoicing is a system introduced by the Government of India under the GST regime to authenticate and validate B2B invoices electronically. Every invoice generated by a business meeting certain turnover criteria needs to be reported to the Invoice Registration Portal (IRP), which then issues a unique Invoice Reference Number (IRN).

Step 1: Minimum Turnover Requirement for e-Invoicing

Businesses with a turnover of ₹5 crore or more in any previous financial year since 2017-18 are required to enable and generate e-Invoices for B2B transactions. e-Invoicing is mandatory for:

• B2B invoices
• Exports
• Credit Notes and Debit Notes

For businesses below this threshold, e-Invoicing is optional.

Step 2: Enable e-Invoicing in Tally Prime

To enable the e-Invoicing feature in Tally Prime, follow these steps:

1. Open Tally Prime and log in to your company.
2. Press F11 (Features) from the Gateway of Tally.
3. Select Statutory & Taxation.
4. Set the option Enable Goods and Services Tax (GST) to Yes.
5. Enable the option Set/Alter GST Details and press Enter.
6. In the GST Details screen, navigate to e-Invoicing Applicable and select Yes.
7. Set the Applicable from Date as per your business’s requirement.
8. Specify the Invoice Registration Portal (IRP) details.
9. Press Ctrl + A to save the settings.

Step 3: e-Invoicing Enablement on the Government Portal

Before you can generate e-Invoices in Tally Prime, you must register your business on the e-Invoice Government Portal:

1. Visit the official e-Invoice Portal: einvoice1.gst.gov.in.
2. Click on e-Invoice Registration and log in using your GSTIN.
3. Fill out the required details, including your business name, address, and contact information.
4. Submit the registration form.
5. Once registered, log in to the portal using your Username and Password.
6. You will receive API credentials needed for integrating the e-Invoicing system with Tally Prime.

Step 4: Create Tally Prime as a GSP (GST Suvidha Provider)

To simplify and automate the e-Invoicing process, you can set up Tally Prime as a GSP for direct integration with the government portal:

1. Log in to the e-Invoice Government Portal: einvoice1.gst.gov.in.
2. Go to the API Registration section.
3. Select For GSP and click on Register.
4. Choose Tally Solutions Pvt Ltd as your GSP.
5. Submit your registration form.
6. After registering, you will receive API credentials that you need to enter in Tally Prime for e-Invoice generation.

Step 5: Integrate e-Invoicing in Tally Prime using GSP

Once you've registered Tally Prime as a GSP, follow these steps to integrate and enable e-Invoicing:

1. Open Tally Prime and go to the Gateway of Tally.
2. Navigate to Accounts Info > Voucher Types > Sales Vouchers.
3. While creating or editing a Sales Invoice, Tally Prime will automatically prompt for e-Invoice generation.
4. Select Yes to generate an Invoice Reference Number (IRN).
5. Tally Prime will send the invoice data to the government portal via the GSP and receive the IRN along with a QR Code.
6. Print or export the invoice along with the IRN and QR code, as required by law.

Step 6: Generate e-Invoice for a Transaction in Tally Prime

After enabling e-Invoicing and integrating the system with Tally Prime, follow these steps to generate an e-Invoice for a B2B transaction:

1. In Tally Prime, create a Sales Voucher or Export Invoice as usual.
2. Enter details like GSTIN, Invoice Amount, and Tax Components.
3. After completing the voucher, Tally Prime will prompt you to generate an e-Invoice.
4. Select Yes to proceed.
5. Tally Prime will generate the e-Invoice and retrieve the IRN from the government portal.
6. The QR Code and IRN will be automatically displayed on the invoice for verification.

Advantages of Using Tally Prime for e-Invoicing

1. Integrated Workflow: Tally Prime integrates with the government’s e-Invoice portal, allowing for easy and automated generation of IRNs.
2. Error-Free Compliance: Automatic validation and generation of e-Invoices ensure compliance with GST laws.
3. Real-time Invoice Reporting: Tally Prime sends invoices to the Invoice Registration Portal (IRP) and receives the IRN in real-time.
4. Fast and Secure: By setting Tally Prime as a GSP, businesses can manage e-Invoicing securely and efficiently.

Need Help with Tally Prime and TSS?

Bison Infosolutions, an official partner for Tally Prime and Tally Software Services (TSS), offers:

• Genuine licenses for Tally Prime.
• TSS subscriptions for advanced features.
• Support for enabling and managing e-Invoicing and GSP setup.

For more details, reach out to Bison Infosolutions at:

• Email: info@bison.co.in
• WhatsApp: 7047947970

Conclusion

Enabling e-Invoicing in Tally Prime is essential for businesses with an annual turnover of ₹5 crore or more to comply with the GST regulations. By setting up Tally Prime as a GSP, you can automate the process, ensuring seamless e-Invoice generation and real-time compliance.

For any support related to Tally Prime, Tally Software Services (TSS), or e-Invoicing, contact Bison Infosolutions, your trusted partner for Tally solutions.

This article is structured as a knowledgebase resource to help users enable and manage e-Invoicing in Tally Prime, with Bison Infosolutions presented as the official partner for Tally products and services.