e-Invoicing with FynamicsGST

e-Invoice system’, a path-breaking initiative completed one month on 31st October, 2020.

As of October 2020, more than 495 Lakh e-Invoices have been generated on the NIC portal by 27,400 tax payers.

About FynamicsGST

FynamicsGST.in is a GST ASP, E-Way Bill, e-Invoice solution and an empaneled Application Service Provider (ASP) to provide API connectors with GSTN & NIC for push and pull of data.
Its a web-based application that is Secure, Scalable, Stable & Simple and is used by over 50 leading global enterprises.
The solution supports extension to relevant external stakeholders, auto intimation to customers and vendors, real-time data validation including GSTIN checks, in-depth AI driven reconciliations between books, e-Invoice, e-Way Bill and GST data

NIC update

As per notification 88/2020-Central Tax dated 10 November 2020. e-Invoicing is applicable to all business from 1st January 2021, having turnover more than 100 cr from FY 17-18 onwards
500 Cr + – Oct 1st 2020 onwards
100cr – 500cr – Jan 1st 2021 onwards
<100 Cr – Apr 1st 2021 onwards