Unlock Seamless Compliance with GST E-Invoicing Solutions

Sleek Bill Makes GST E-Invoicing Simple

Makes GST E-Invoicing
Simple

Electronic Invoicing: Sleek Bill leads in e-Invoicing, meeting all GST requirements.
Ideal for GST-Registered Businesses: Our system is built for businesses under GST, making e-Invoicing as common as e-way bills.
Easy B2B Invoices: Generate e-invoices easily in B2B deals with Sleek Bill.
User-Friendly Compliance: Our interface makes following GST rules simple.

Simplifying GST Compliance with Sleek Bill

All-in-One Platform: All-in-one platform - Sleek Bill is a combination of e-invoicing and e-way bill compliance that handle GST tasks easier.
Manage Everything Easily: Handle all your GST needs at one place.

Approved by GSTN for Easy Compliance

Sleek Bill is GSTN Certified: It has the recognition of being an Invoice Registration Portal (IRP), which is acknowledged by Goods and Services Tax Network (GSTN).
Stay Within Regulations: Our tool keeps you compliant with GST standards.
Trusted by Many: Over 3,000 big companies use Sleek Bill for GST e-Invoicing.
All-in-One Compliance: Manage bothe-Way bills and e-Invoicing with Sleek Bill.

Increase your business with Sleek Bill

Suits Any Business Size: Sleek Bill grows with your business, from small shops to big companies.
Customized for You: Our e-Invoicing adapts to your business changes.

Sleek Bill Top Choice for E-Invoicing

For Every Business: Sleek Bill works for all businesses, big or small.
Quality Service: We're committed to providing the best e-Invoicing service.

Sleek Bill Works for Every Industry

for All Sectors: Sleek Bill's e-Invoicing is designed for various industries.
Flexible and Efficient: Get a smooth GST experience in any industry with Sleek Bill.

GST Explained

What is GST bill?

GST, short form for Goods and Services tax, is a type of new tax in India that will be applied on the selling and buying of goods plus services. The goal behind GST is to substitute all taxes in India with one unified tax levied on value addition as opposed to the total product's worth at every stage within supply chain.

This method provides credit for the input tax paid on the purchase of goods and services, which can be offset with the tax to be paid on the supply of goods and services. As a result, this reduces the overall manufacturing cost, with the end customer paying less.

Which goods and services are exempted from GST?

With certain current taxes remaining, the following goods and services will be fully or partially exempted from the GST

What are the GST benefits for your business?

Free movement of goods: Business owners will be able to sell more in other states without having to worry about interstate transaction costs. With GST, the entry tax will be eliminated, which will save time and money spent.

What taxes does GST replace?

Currently, there are many indirect taxes that both the state and central governments are collecting on every purchase and sale.

How will GST work in practice?

The GST will follow a similar model with the one before it

What is the proposed GST rate?

GST will have a 4-tier tax structure

Why is GST being introduced in India?

One of the main reasons for GST being introduced in India is the tax burden that falls both on companies and consumers. With the current tax system, there are multiple taxes added at each stage of the supply chain, without taking credit for taxes paid at previous stages. As a result, the end cost of the product does not clearly show the actual cost of the product and how much tax was applied. This cascading structure is too complex and inefficient.

How will Inter-state transactions work in GST?

For inter-state transactions, the Centre will levy Integrated GST (IGST), which is equal to the average of the CGST and SGST rates. After applying IGST, CGST and SGST credits received from purchases, the seller will then pay the remaining IGST on the added value.

What is the exemption limit in the GST?

Businesses with turnover revenue of 20 lakhs and above will have to register and file for GST returns, with a threshold of 10 lakhs for businesses in the north east and hill states.

How will imports be handled in GST?

A combination of CGST and SGST will be applied to the import of goods and services that come to India. Tax benefits and credits will be given to the state where the imported goods and services are consumed.

GST E-Invoicing Implementation Journey in India

GST E-Invoicing: The 35th GST Council meeting decided to start e-Invoicing, first for large businesses.
Wider Reach: Later, e-Invoicing was extended to include mid-sized and small businesses.
Automated Reporting: Sleek Bill auto mates reporting, making it more efficient than old methods.
One-Time Input: Enter your invoices once in Sleek Bill and it takes care of e-Invoices and reports automatically.

Automation and Efficiency

Reducing Manual Work: Sleek Bill automates GST e-Invoicing, cutting down repetitive manual tasks.
Faster Processes: Automation means quicker processing and better operational efficiency.
Easy GSTR-1 Returns: Automatically fills GSTR-1 returns on the GST portal, making filing easier.
Timely Compliance: Helps businesses meet GST requirements accurately and on time.

Central GST E-Invoicing Systems

Official Portals: Sleek Bill aligns with CBIC Notification No.69/2019, working with official e-invoice portals.
IRP Integration: Sleek Bill integrates smoothly with Invoice Registration Portals, like GSTN's, for easy GST e-Invoicing.
Unique Invoice ID: Each invoice in Sleek Bill gets a unique ID, following IRP standards.

Seamless Data Transfer in Real-Time

Instant Information Flow: Invoice details go straight from the IRP to GST and e-way bill portals.
Simplified Management: Sleek Bill reduces the hassle of using multiple platforms.
Benefits of Real-Time Transfer: This reduces errors and ensures data accuracy across GST and e-way bill portals.

E-Invoicing: Transforming Business Invoicing Practices

Discover how e-Invoicing has changed traditional invoicing in businesses.

Before E-Invoicing

Diverse Software Use: Previously, businesses used various software for invoices, each with different formats.
Manual GSTR-1 Upload: Invoices were manually uploaded to the GST portal, often leading to mistakes. Manual E-Way Bill Process
Labor-Intensive E-Way Bills: Businesses manually entered invoice details into the e-way bill portal, duplicating efforts.
ERP-Dependent: Some used ERP systems for e-way bills, but the process was mostly manual.

Smooth Data Flow to GSTR-1

Easier GSTR-1 Filing: E-Invoicing enables easy data transfer for GSTR-1 preparation.
Synchronized Data: Automated synchronization with GST systems improves tax reporting efficiency.
Key in Invoice Management: E-Invoicing is central for generating and submitting invoices.
Vital for GST Compliance: It's essential for maintaining GST compliance and smooth business operations.

The Importance of GSTR-2B

Reconciling with GSTR-2B: After suppliers filed GSTR-1, recipients used GSTR-2B for reconciling invoices.
Verifying Tax Credits: GSTR-2B was key for checking Input Tax Credit based on supplier data.

Uniform Data Import

Standardized Import Methods: E-Invoicing standardized data import via Excel, JSON, or API.
Reduced Data Errors: This uniformity lessened the risk of data entry mistakes.Flexible Integration Options
Direct or GSP Integration: Businesses can choose direct import or using a GST Suvidha Provider (GSP).
Suits Various Needs: These options meet different business and technical requirements.

After E-Invoicing

Streamlined Processes: E-Invoicing connected invoice creation with GST compliance.
Automated Data Sharing: Real-time data transfer to GST portal reduces manual work and errors.

Navigating the GST E-Invoicing Timeline for GST Compliance

Understanding the timeline for generating e-Invoices is key for businesses to stay compliant with GST rules.

Current GST E-Invoice Generation Period (Until April 30, 2023)

Flexible Generation Time: Currently, there's no strict deadline for generating e-Invoices.
Business-Friendly: This allows businesses to fit e-Invoicing into their workflow. New Rule from May 1, 2023
7-Day Deadline for Large Businesses: Firms with an Annual Aggregate Turnover (AATO) of INR 100 crore or more must generate e-Invoices within 7 days of the invoice date.
Planning for Compliance: Businesses need to adjust their billing processes to meet this rule.

Latest on Reporting Time Limit

Delay in New Rules: The 7-day reporting limit for older e-Invoices has been postponed by three months.
Pending New Date: The enforcement date for this revised time limit is yet to be announced.

Linking with GSTR-1 Returns

T+3 Days Auto-Population: E-Invoice details usually show in GSTR-1 within T+3 days of creation.
Aligning with Filing Schedule: It's best to sync e-Invoice generation with the GSTR-1 filing timetable.

Effects of Not Complying

Non-Compliance Penalties: E-Invoices not generated within 7 days for eligible taxpayers will be considered non-compliant.
Importance of Timely Compliance: Eligible businesses must follow this timeline to avoid issues.

Exemption for Small Businesses

No Strict Timeline for Smaller Firms: Those with AATO under INR 100 crore don't have a set time frame for e-Invoice generation.
Consideration of Smaller Operations: This exemption takes into account the capabilities of smaller businesses.

E-Invoicing Integration and Process Steps

Learn how to integrate e-Invoicing into your business processes, aligning with GST compliance.

ERP System Reconfiguration for PEPPOL Standards :

● Update ERP Systems: Adjust your ERP system to meet PEPPOL standards.
● Work with ERP Providers: Collaborate with your ERP software provider for e-invoicing integration.
● Follow CBIC Guidelines: Ensure your system complies with CBIC's e-invoice schema and mandatory parameters.

Generating Invoice Reference Number :

● Choose Integration Method: Either use direct API integration with the e-invoice portal or a GST Suvidha Provider (GSP) like Clear Tax.
● Bulk Upload Option: Use tools for mass invoice uploads and JSON file creation for portal submission.

Accurate Invoice Entry:

● Regular Invoice Issuance: Create invoices on your ERP or billing software, including all necessary details.
● Focus on Mandatory Fields: Ensure inclusion of essential information like billing details, supplier's GSTN, transaction value, and tax rates. Uploading to IRP
● Select Submission Method: Choose between JSON file, app, GSP, or direct API for invoice upload.
● IRP as Validator: The Invoice Registration Portal validates and authenticates invoice details.

IRP Validation and IRN Creation :

● Invoice Checks by IRP: The IRP validates crucial B2B invoice details.
● Avoid Duplication: The IRP checks for duplicates and generates an Invoice Reference Number (IRN) based on key parameters.

Digital Signing and QR Code :

● Authenticity Verification: After validation, the IRP digitally signs the invoice and generates a QR code.
● Seller Notification: Sellers receive email notifications for record-keeping.

Data Sharing with GST and E-Way Bill Portals :

● GST Portal Integration: Authenticated data is sent to the GST portal, aiding in GST return filing.
● E-Way Bill Integration: Necessary details are shared with the e-way bill portal.
● GSTR-1 Auto-Filling: The system automatically fills in GSTR-1 for accurate tax calculation.

Invoice Printing and Electronic Reporting :

● Continue Printing: Businesses can still print invoices with their branding.
● Mandatory E-Reporting: Invoices must be electronically reported on the IRP, ensuring GST compliance.

Sleek Bill: Enhancing Busines Via Advanced GST E-Invoicing

Sleek Bill introduces a superior e-Invoicing system, focusing on compliance and boosting business efficiency. Here's how it's reshaping e-Invoicing.

1. All-In-One E-Invoicing Solution

Efficient and Compliant: Tailored for various businesses, Sleek Bill combines efficiency with GST compliance. User-Friendly Interface Upgrade
Smooth Data Transition: Ensures safe migration of historical data to a more intuitive interface.

2. Versatile GST E-Invoice Creation

Diverse Generation Methods: Offers multiple options like API, Excel, FTP, SFTP, and Tally connector, fitting various user needs.

3. Enhanced User Advantages

Quick Processing Generates up to 5,000 e-invoices per minute.
Reliable System: High uptime and over 100 data checks for an error-free invoicing process.

4. Advanced E-Way Bill Functions

Auto-Correction: Automatically fixes distance errors in E-Way Bills. Integrated E-Way Bill Processing.
Automated E-Way Bills: Generates e-way bills post-IRN, reducing extra data entry. High-Volume Document Management
Large Document Handling: Efficiently manages up to 1 lakh documents, ensuring smooth business operations.

5. Streamlined Reconciliation and Reporting

Easy Reconciliation: Simplifies matching e-way bill and GSTR-1 data, with detailed compliance reports.

6. Tailored Printing and Data Archiving

Customizable Printing: Personalize print templates for e-invoices.
Efficient Data Storage: Effective archiving for organized, accessible historical data.

Sleek Bill: Simplifying GST E-Invoicing Document Criteria

Sleek Bill helps make GST e-Invoicing for various business documents under GST straightforward.

What Documents Are Needed for GST E-Invoicing?

Handling Key Documents: With Sleek Bill, you can easily manage tax invoices, credit notes, and debit notes as required by Section 34 of the CGST Act.
Covering Various Transactions: Sleek Bill is equipped for B2B and B2G sales, exports, supplies to SEZs, stock transfers, and more, including exports and SEZ supplies.
Including Reverse Charge Supplies: Transactions under Section 9(3) of the CGST Act are also covered.
Versatile Transaction Management: Sleek Bill ensures e-Invoicing compliance for a variety of business scenarios.

Sleek Bill: Understanding GST E-Invoicing Exemptions

Sleek Bill offers clarity on exemptions from GST e-Invoicing, helping your business stay compliant.

Who Doesn't Need to Do GST E-Invoicing?

Recognizing Exemptions: Sleek Bill aids in identifying businesses exempted as per CBIC Notification No.13/2020 – Central Tax.
Identifying Exempt Businesses: It simplifies e-Invoicing for exempt sectors like insurers, NBFCs, GTAs, and more, including government and SEZ units.
OIDAR Exemptions: Sleek Bill helps you understand exemptions for businesses registered under Rule 14 for OIDAR.
Exempt Document Types: It assists in identifying documents not needing GST e-Invoicing, like delivery challans and ISD invoices. Excluded Transactions in E-Invoicing