IRIS GST E-Invoice Registration Portal is now live

IRIS Business Services, one of the leading compliance solutions providers in India, is excited to announce the launch of IRIS Invoice Registration Portal (IRP), one of the first private invoice registration portals authorized by the government of India to authenticate B2B and export invoices along with credit/debit notes.

"We are excited to launch IRIS IRP and look forward to assisting businesses in complying with the GST requirements and making e-invoicing simpler for all," said Mr. K Balachandran, cofounder and CFO of IRIS Business Services "The Indian digital public infrastructure build out is catching international attention. The EInvoicing mandate and private IRPs are part of this story. IRIS is proud to be associated with this important initiative," added Balachandran.

At present, businesses with an Annual Aggregate Turnover (AATO) of Rs 10 crore and above are required to generate IRN (Invoice Reference Number).

The threshold for e-invoicing is lowering in phases and soon it may get applicable to all businesses. To simplify e-invoice implementation throughout the country, the government has given private IRPs like IRIS IRP authority to split the load from the government portal in order to simplify e-invoice implementation.

Mr. Gautam Mahanti, Business Head, IRIS Tax Tech said that, "the digital rails for powering a $10 trillion economy will run through IRP portals which will facilitate e-invoicing resulting in a faster and more transparent exchange of invoices while minimizing tax leakages."

IRIS has been working with RBI for a decade and more to bring digital transformation in the Indian banking regulatory reporting space and is now proud to be associated with GSTN in this epoch journey which is hailed as the next 'UPI' moment for commerce transactions, Mahanti added.

Mahanti also expressed gratitude to the entire team at GSTN for their unwavering support throughout.

IRIS IRP offers e-invoice generation facilities to businesses as well as solution providers and fintech partners. Business entities have four different ways through which they can access these facilities - via APIs, Web Portal, Excel Utility, and Mobile App.

Registration process on the portal for the user is quite simple. Any user with mere Email Id or Mobile number can create his account on IRISIRP portal and onboard his GSTIN with OTP sent on mobile number/email id of authorised signatory. Once user account is created and GSTIN is on boarded, user is all set to generate e-invoice.

Along with core features of generation, fetching and cancellation of e-invoices , IRIS IRP also provides additional VAS features to tax payers such as seamless user journey of onboarding and registration directly from billing/accounting systems, storing invoice data for longer periods, and printing and sharing invoices with customers and vendors through the platform etc.

Shares of IRIS Business Services Ltd was last trading in BSE at Rs. 77.40 as compared to the previous close of Rs. 78.59. The total number of shares traded during the day was 2877 in over 77 trades.

The stock hit an intraday high of Rs. 80.62 and intraday low of 77.36. The net turnover during the day was Rs. 224148.00.

Source : Equity Bulls

Keywords

IRISBusinessServices INE864K01010 IRISInvoiceRegistrationPortal B2B ExportInvoices Credit Debit Notes