Everything You Need to Know About Invoice Reference Number (IRN)
E-invoicing is a cutting-edge technique in which invoices are created in an electronic format. To enable electronic invoicing, the GST Council established electronic invoicing. Now, invoices issued after verification through the invoice registration portal (IRP) are identified by their unique Invoice Reference Number (IRN) . After invoice confirmation, IRP labels the electronic invoice, generates a QR code, and sends it to the vendor. These features improve the invoice's distinct identification. Tax authorities can discover these invoices using this information even if they are offline. What Is an Invoice Reference Number (IRN)? Let's begin by defining an invoice reference number (IRN). IRNs are defined as distinct numbers in the new e-invoicing system that are generated for invoices by (invoice registration portal). The method will also make sure that the vendor will not submit the same invoice more than once throughout the course of the year. ...