Technology advancements are a boon for everyone as it has made lives easier in many ways. Gone are the days when people had to do mental and physical work to get things done. Be it any sector, from teaching to construction. It has lessened the manual work as technology has taken the entire load. Customers these days prefer those services which show instant results so that the wait time is minimized. There is a lot of spirit of competitiveness among nations to come up with unique and innovative ideas regarding the incorporation of technology in different areas of expertise.

Businesses or companies are trying to flourish themselves by offering cutting-edge solutions and also offering ERP, Digital, and mobile technologies. Globalization has opened up various opportunities, not just within the domestic boundaries but in the international market as well. For the transportation of goods within India, specific rules and regulations are needed to be followed. With the use of a digital interface, people can use e way bill system in which the individual involved in the movement of goods can upload the information before the movement on the GST portal.

For the movement of good inter-state e way upload is a necessity. It is an electronic document representing the evidence of the goods movement. This document consists of two parts:

• Part A represents information regarding the place of delivery, means of transportation, transportation number, invoice, etc.
• Part B comprises of transporters’ details (Vehicle Number).

The generation of e way bill is the safest and reliable way to ensure that the transportation of goods is as per the guidelines of the GST Law considering all terms and conditions. Also, for big organizations and firms, digital invoice systems enable businesses to make critical payments and consume less time to process invoices. Digital invoice application streamlines workflows and initiates reminders. It enables the offshoring of operations and reduces manual processing.

The process of generation of invoices electronically through the GST network is known as the e-invoicing system. For goods export, the exporter can either export with a tax or claim the refund on the same later. In this custom, the invoice is prepared with the shipping bill to be filed with customs for cargos’ clearance. The exports of the following types need e-invoicing, namely:

• SEZ units export
• Deemed Exports
• Direct exports (involving exports from Nepal and Bhutan)

SEZ Developer

Due to the web transformation customers are at ease and make full use of it. The web enables seamless transactions with mobile phone applications. Everything is just a single click away. Switching to apps is valuable in the enterprise technology as it makes the data available anywhere anytime, making it easy for the users’ access.

For businesses having expertise in development, consulting, and support, cloud means assist organizations to make the right investments and align towards the proper growth and development. Plus, the cloud reduces the administrative work as well as the overhead costs. Another blockchain technology removes the risk and helps in automating processes.

The decision of implementation of e-invoicing system in businesses has been finalized after consultation with various industries/traders as well as ICAI, the main governing body. This standard of invoicing is mandatory to check the interoperability amongst the entire GST ecosystem. This system was approved by the government in the last year on 20th September 2019 and was adopted from 1st January 2020.

This new e-way bill system has specific parameters that are given due consideration, namely- Invoice Reference Number submitted to the Invoice Registration Portal. The generation of a unique number from the GST portal is mandatory. A QR code is generated too along with the unique number. At last, manual data entry is required while preparing e-way bills and filing the return. It has made the process systematic and simpler, which quickly settles the input tax credit.

Handling a business is not everyone’s cup of tea. It requires a lot of mental and physical work. The documentation process can be tedious. Thanks to digitalization, manual work has reduced, and everything can be done on fingertips. Starting from scratch and handling customer care along with processing raw material comes under the supply chain management.

Business transactions can be done on cloud-based solutions as per the business requirements. This is a safe and secure platform with a lot of benefits. Many companies and firms across the world rely on this system to carry their transactions. The dealers and merchants belonging from different countries can crack deals due to this fruitful solution.

Cloud-based solutions simplify the supply chain process by bridging the gap between vendors and merchants. It enhances transparency by providing information on the internet. The main advantage is the collaboration of two businesses coming and working together. The relationship between buyers and sellers is deepened with the ethical supply chain. Not just the cost benefits, it saves time and is very safe.

Digital management of supplies is convenient and user-friendly. This platform has gained popularity in no time due to its instant response services. All the queries are handled and answered well until the person is not satisfied. The system is hassle-free and can be implemented quickly. Skilled staff members are available round the clock for assistance and are always behind the back to provide fruitful outcomes at pocket-friendly rates.

The relationship between the client and the service-provider is transparent, and they keep on taking feedbacks from the clients after regular intervals. A business should work well on a cost and money basis, and they should incorporate effective catalysts to boost the progress of the business and at the same time, maintain the quality of work done.

Digitalization has changed the dynamics of every industry. The working of businesses has changed nowadays as compared to what it used to be earlier. This modern e way bill system makes it easier for the buyers and suppliers to transport anywhere across the entire country. The purpose of the GST portal is to provide an invoice for businesses. It lowers the reconciliation challenges and re-populates the returns.