Business Network Release 2024-10
22.10.2024
We’re continuously developing our products and services. Here are some highlights from this months’ Business Network development.
Compliance with India e-invoicing mandate
India’s e-invoicing regulations have been transforming the way businesses handle invoicing and tax reporting. With the Government of India mandating electronic invoicing for B2B transactions, companies need to ensure compliance with stringent requirements under the Goods and Services Tax (GST) framework. To help businesses manage this, OpusCapita has enhanced its platform to support full compliance with India’s e-invoice mandates together with GEP.
Our new capabilities make it easy for businesses to send and receive e-invoices that comply with local regulations. By integrating with the Invoice Registration Portal (IRP), our solution automates key steps, from generating a unique Invoice Reference Number (IRN) to validating and digitally signing invoices. The platform also embeds QR codes and handles the transformation of invoice data into the prescribed format.
Beyond sending invoices, OpusCapita ensures businesses can efficiently receive and validate invoices as well. Whether you’re handling cross-border transactions or domestic B2B invoices, our platform supports the necessary formats, such as JSON and PDF, while enabling the automation of compliance steps like ITC claims. This all-in-one solution allows companies to focus on their core operations without worrying about complex tax regulations.
With India’s tax landscape evolving, businesses need to stay ahead of the curve. OpusCapita’s enhanced e-invoicing capabilities are designed to help you meet regulatory requirements, improve operational efficiency, and maintain compliance with ease.
Want more details?
Detailed release notes are available for the administrators of our products and services in our Customer Service Portal.