E-invoicing is changing the way Indian business markets operate. After the e-invoicing mandate is applicable to a business, invoices will be considered valid only if they are digitally signed by IRP i.e. have IRN printed on them.
An electronic invoice or e-invoice is a tax invoice declared by a GST-registered business with the e-invoice portal and approved by the GST Network. Currently, it covers Business to Business (B2B) transactions as Business-to-Consumers (B2C) transactions are exempt from e-invoicing.