GSP Solution - Overview

The E-Invoice or Electronic Invoicing document is a system where the supplier of goods or services uploads the invoice details and register the supply transaction on the government tax portal, Invoice Registration Portal (IRP). After uploading the invoice details, the supplier receives the Invoice Reference Number (IRN) which is unique for a specific tax invoice. All the suppliers must generate the tax invoice along with the Invoice Reference Number (IRN). The tax invoice without IRN is considered invalid.

A GSP is GST Service Provider who enables a GST taxpayer to generate IRNs with all the procedural provisions of the GST law using a web platform. For example, ClearTax, an online tax filing platform has been granted the status of GSP.