Microsoft, one of the leading tech companies is also one of the most popular developer for the Microsoft ERP. Also known as MS ERP, this enterprise resource planning system brings the cutting edge technology revolutionizing the world of invoicing and tax return systems. And the recent development in the Government’s GST and Invoice registration laws going online has made it the easiest and most commonly used ERP for filing the e-invoices by the customers. But before understanding the e-invoicing process through Microsoft ERP, let us understand the basic terminologies like the IRN and ERP.
Electronic invoicing or simply known as e-invoicing may be defined in simple terms as an electronic billing system that contains the various indigenous methods. With the enhanced integration of GST eco-system with e-invoicing, the interpretation and operation between business becomes more transparent and uniform. The e-invoicing under the GST environment needs to get all the invoices that are mandatory to be registered under the Invoice Registration Portal or simply called as IRP with the government. What it does is, it simply generates a very specific QR code with a relevant Invoice Reference Number (or IRN) and according to new amendments in the law, only a registered invoice with a valid IRN shall be granted. Now a days there are tons of ERPs available in the market in the form of websites or applications which does the job of filing the e-invoices through the Invoice Registration Portal that has been developed by the government. So let us understand the ERP in a more depth.