Create e-Invoices in less than 1 minute
Create e-Invoices in less than 1 minute
Open Financial Technologies, Tower 2, 3rd floor, RGA Tech Park, Sarjapur Road, Bengaluru, Karnataka - 560035
Company
AboutUs
Career
Blog
Help Center
Privacy Policy
Terms & Conditions
Products
Open Business account
Open Card
Payment Gateway
Developers
Documentation
API Reference
Let's talk
Connect with our experts.
letstalk@open.money
Open Financial Technologies,
Tower 2, 3rd floor, RGA Tech Park, Sarjapur Road,
Bengaluru, Karnataka - 560035
Open Financial Technologies, Tower 2, 3rd floor, RGA Tech Park, Sarjapur Road, Bengaluru, Karnataka - 560035
Let's talk
Connect with our experts.
letstalk@open.money
Open Financial Technologies,
Tower 2, 3rd floor, RGA Tech Park, Sarjapur Road,
Bengaluru, Karnataka - 560035
One-stop platform for all your needs
Put business banking in cruise control with much more than a payment gateway
Company
AboutUs
Career
Blog
Help Center
Privacy Policy
Terms & Conditions
Features
Solutions
Let's talk
Connect with our experts. letstalk@open.money
Open’s neobanking platform offers everything from bulk payouts to expense management & everything in between - one Open account to rule it all!
Get an all-powerful virtual account for your fast-growing business
Just complete the following easy steps to get your all-in-one virtual account.
Sign up
Share your contact info & a few business details.
Complete your KYC
Complete KYC & get an online bank account with a credit card. Start transacting immediately.
Bank Limitlessly
Assign virtual accounts & quickly reconcile payments, do expense management, accounting reports, payment gateway APIs & a lot more.
Get an all-powerful virtual account for your fast-growing business
Just complete the following easy steps to get your all-in-one virtual account.
Sign up
Share your contact info & a few business details.
Complete your KYC
Complete KYC & get an online bank account with a credit card. Start transacting immediately.
Bank Limitlessly
Assign virtual accounts & quickly reconcile payments, do expense management, accounting reports, payment gateway APIs & a lot more.
Make your B2B invoices compliant with the latest tax laws
Play the right cards and win the expense game
© 2024 Open Financial Technologies Private Limited
© 2024 Open Financial Technologies Private Limited
Get Open’s online bank account for your business today!
Just complete the following steps to get a powerful online bank account & start making TDS payments without any hassles.
Share your contact info & a few business details.
Complete KYC & get an online bank account.
Send TDS payments, reconcile accounts & more.
Get Open’s online bank account for your business today!
Just complete the following steps to get a powerful online bank account & start making TDS payments without any hassles.
Share your contact info & a few business details.
Complete KYC & get an online bank account.
Send TDS payments, reconcile accounts & more.
Signup
Complete your KYC
Make Payments Effortlessly
Signup
Complete your KYC
Make Payments Effortlessly
Authenticate B2B invoices electronically, generate complete and ready-to-use e-Invoices and achieve 100% compliance
A quick and reliable solution
Directly upload your invoices to the IRP via Open’s GSP integration in no time.
A quick and reliable solution
Prioritize compliance for your business
So, you got yourself a great e-Invoicing solution, but you get a lot more with it!
Simplify expense management with prepaid corporate cards
Create & assign prepaid cards to employees for managing offline expenses smartly.
Make bulk payouts swiftly
Send bulk payouts to vendors without any cooling-off period.
Explore simplified TDS & GST payments
Make direct TDS & GST payments, gain insights through key reports in real-time & more.
Process payroll directly from your Open account
Make salary payments instantly with automated payslip generation, statutory deductions, etc.
Prioritize compliance for your business
So, you got yourself a great e-Invoicing solution, but you get a lot more with it!
Maintain evidence and ensure transparency for tax return filing. Create e-Invoices/ e-Way Bills with auto-updated data in the e-Invoice report for GSTR-1 filing purposes.
Amend e-Invoices, ensure accuracy
How Open simplifies e-Invoicing
- Generate IRN and QR code with auto-populated data
Ensure future-ready compliance for your business with the fastest e-Invoicing solution
Generate 1000+ e-Invoices instantly
Open expense cards are prepaid cards for business expenses. It gives organisations full visibility and better control over business spending.
Make your B2B invoices compliant with the latest tax laws
View auto-populated data without any errors, push it to IRP (Invoice Registration Portal) directly via GSP (GST Suvidha Provider) and achieve 100% compliance.
Directly upload your invoices to the IRP via Open’s GSP integration in no time.
Maintain evidence and ensure transparency for tax return filing. Create e-Invoices/ e-Way Bills with auto-updated data in the e-Invoice report for GSTR-1 filing purposes.
Amend e-Invoices, ensure accuracy
With the Open expense management solution, you can spend, track and manage expenses easily. Our solution enables expense cards and it is powered by the Open Business Account.
How Open simplifies e-Invoicing
Cancel e-Invoices incase of any wrong transactions
Generate IRN and QR code with auto-populated data
Nikhil Lakhmani
“Open allows our centre managers to make payments directly to the vendor’s bank accounts. Besides, we use Open expense cards to make online and offline payments. All the reports are conveniently available on Open Dashboard for us to download and we can track any expense made just in a few clicks.”
Director, Random Access Growth Ventures
Priyadarshi Mishra
Open expense card has made it easy for us to integrate banking and accouning. As we are into the construction business earlier, it was complicated for us to manage and handle our day to day expenses happening across various sites. With the help of expense cards, it is now easy for us to track the day-to-day expenses of the sites.
Founder, CEO, Design & Construct
Nikhil Lakhmani
Director, Random Access Growth Ventures
Open allows our centre managers to make payments directly to the vendor’s bank accounts. Besides, we use Open expense cards to make online and offline payments. All the reports are conveniently available on Open Dashboard for us to download and we can track any expense made just in a few clicks.
Priyadarshi Mishra
Founder, CEO, Design & Construct
Open expense card has made it easy for us to integrate banking and accouning. As we are into the construction business earlier, it was complicated for us to manage and handle our day to day expenses happening across various sites. With the help of expense cards, it is now easy for us to track the day-to-day expenses of the sites.
Overcome your
business finance challenges
With the one Open business account, achieve new milestones with features built just for you.
Special Offer
Annual Paid Plan
70%
cashback
Annual Subscription ₹ 9000 ₹2700/annum
Vendor Payouts Starts @ ₹ 2/txn Free 500 payouts for the first 3 months
Collect Domestic and International Payments Starts @ 1.85%/txn Free for payments up to ₹ 25Lakhs for 3 months
Collect International Payments @ 1%/txn
Payroll Management with Unlimited employee addition for FREE
Advanced Accounting Reports
Open Ads (Automated ads on Google) - ₹ 999 ₹ 1 for 3 months
Role-Based Access Control
Virtual Cards For Managing Subscriptions
APIs - Payouts, Virtual Account, Payment Gateway
Free Plan
Vendor Payouts Starts @ ₹3/txn
Collect Domestic and International Payments Starts @ 1.95%/txn
Payroll Management
Advanced Accounting Reports
Open Ads (Automated ads on Google)
Role-Based Access Control
Virtual Cards For Managing Subscriptions
Overcome your business finance challenges
With the one Open business account, achieve new milestones with features built just for you
Special Offer
Annual Paid Plan
70%
Cashback
Annual Subscription ₹ 9000 ₹2700/annum
Vendor Payouts Starts @ ₹ 2/txn Free 500 payouts for the first 3 months
Collect Domestic and International Payments Starts @ 1.85%/txn Free for payments up to ₹ 25Lakhs for 3 months
Collect International Payments @ 1%/txn
Payroll Management with Unlimited employee addition for FREE
Advanced Accounting Reports
Open Ads (Automated ads on Google) - ₹ 999 ₹ 1 for 3 months
Role-Based Access Control
Virtual Cards For Managing Subscriptions
APIs - Payouts, Virtual Account, Payment Gateway
Free Plan
Vendor Payouts Starts @ ₹3/txn
Collect Domestic and International Payments Starts @ 1.95%/txn
Payroll Management
Advanced Accounting Reports
Open Ads (Automated ads on Google)
Role-Based Access Control
Virtual Cards For Managing Subscriptions
Frequently Asked Questions (FAQs)
e-Invoicing, a.k.a Electronic Invoicing, is a process to make invoices more authentic and compliant for tax return filing purposes for B2B businesses. An e-Invoice consists of invoice data in a more structured visual presentation. With the adoption of e-Invoice systems, businesses can pre-populate the returns for filing purposes and get rid of reconciliation challenges. Businesses can share invoice data to the GST system by integration of IRP (Invoice Registration Portal) via GSP (GST Suvidha Provider) for validation.
e-Invoicing applies to all the businesses that are registered under GST and issuing B2B invoices in a phased manner as discussed above. From April 1st, 2022, every business crossing an aggregate turnover of over ₹20 Cr. from any preceding year after FY 2017-18 to 2021-22 is required to follow the current e-Invoicing guidelines. The aggregate turnover includes all GSTINs under a single PAN across India. If the turnover in the last FY was below the threshold limit but it increased beyond the threshold limit in the current year, then e-Invoicing would apply from the beginning of the next financial year.
Irrespective of the turnover, e-Invoicing shall not apply to the following categories of registered businesses for now -
1. An insurer or a banking company or a financial institution, including an NBFC
2. A Goods Transport Agency (GTA)
3. A registered person supplying passenger transportation services
4. A person supplying services by way of admission to the exhibition of cinematographic films in multiplex services
5. An SEZ (Special Economic Zone) unit
6. A government department and local authority.
1. All the invoices generated by suppliers can be tracked in real-time by enabling e-Invoice.
2. Major gaps in data reconciliation are plugged, resulting in reduced errors and data mismatch instances.
3. e-Invoices created on one software can be read by another, helping reduce fraudulence.
4. Details of invoices get auto-populated for returns, making the filing process seamless.
5. Information procurement at the transaction level minimizes the possibility of audits by tax authorities.
6. The QR code on the e-Invoices provides access to the eligible GST invoices.
e-Invoicing currently applies to:
1. Supplies to registered persons (i.e., B2B supplies),
2. Supplies to SEZs (with/without payment of tax),
3. Exports (with/without payment of tax), and
4. Deemed exports
The documents that will be covered under the e-Invoicing system are as follows-
1. Invoices by the supplier
2. Credit notes by the supplier
3. Debit notes by the recipient
Any other document as notified under GST law to be reported as an e-Invoice by the creator of the document
An e-Invoice structure includes both mandatory and optional fields. Mandatory fields are those which are compulsory for an invoice under the e-Invoice standard. Optional areas are those which can be classified as per business requirements.
The maximum number of items in an e-Invoice is 1000. All mandatory fields have to be filled in for filing e-Invoices on IRP. A mandatory field without value can be reported as NIL.
Basic details required -
1. Supplier’s information
2. Recipient’s information
3. Invoice item details
4. GST details
No, e-Invoice does not apply to nil-rated or wholly-exempt supplies as in these cases, only a bill of supply is issued and not a tax invoice.
Download the QR Code Verify app and verify the QR code printed on the e-Invoice.
An e-Invoice can only be fully canceled. It cannot be partially canceled. Also, the e-Invoice must be canceled within 24 hours of its generation, otherwise it needs to be manually canceled on the GST portal in the GSTR-1 return, before the same is filed. Moreover, once an IRN is canceled, the same invoice number cannot be used again to generate another invoice. If used again, the IRP will reject the same.
Open’s e-Invoicing solution helps businesses seamlessly connect with the IRP system and generate e-Invoices in a single click. Businesses can enable e-Invoicing to easily generate e-Invoices and also import the existing invoice details on Open fetch, generate, cancel, print the e-Invoice details (QR code, IRN, Acknowledgement date and status). This helps them manage e-Invoice requirements without much changes to the business process.
Frequently Asked Questions (FAQs)
Ensure future-ready compliance for your business with the fastest e-Invoicing solution
Generate 1000+ e-Invoices instantly
One-click e-Invoice generation
Get e-Invoice report with real-time updates
Create
Manage
Track
Cancel
Cancel any e-Invoice/ e-Way Bill within 24 hours of its generation directly from the e-Invoice report.
- Cancel e-Invoices incase of any wrong transactions
- Download/ print e-Invoices/ e-Way Bills for records
Backed by major banks
Our customers love us, you will too
Current Account with the simplest application process that’s built for your business.
Powerful expense management suite with VISA powered Expense and Virtual Cards.
Payroll solution with salary disbursement, leave management, & 100% statutory compliance
Automated reconciliation of all business transaction and integration with your existing accounting systems
Get e-Invoice report with real-time updates
One-click e-Invoice generation
Create
Manage
Track
Cancel
Download/ print e-Invoices/ e-Way Bills for records
Backed by Major banks
Our customers love us, you will too
“All end-to-end financial support can be availed at Open to support your business.”
Santosh.H
(Director, Financial Services)
“Virtual Cards (VCC) are very useful and easy to use on many types of subscription based websites.”
Manoj D
(Owner, Manoj DND Digital Hub)
“ Expense Cards are easy to use and handle, I can do all my online transactions through them ( Open Expense Cards.)”
Abhi S
(Executive Finance & MIS, Infidigit)
“Open is the most cost-effective and scalable solution that we have found to manage in-centre expenses across our chain of fitness centres.”
Nikhil L
(Director, Random Access Growth Ventures Pvt Ltd)
“Running a business of Web and mobile app development needs a lot of international online payments to be made and managing the same with my personal credit card was quite a tedious process. Open virtual cards have proved to be extremely beneficial for managing my business online SaaS subscriptions.”
Rashi A
(Co-Founder, Health, Wellness, and Fitness)
Current Account with the simplest application process that’s built for your business.
Current Account with the simplest application process that’s built for your business.
Payroll solution with salary disbursement, leave management, & 100% statuary compliance.
Automated reconciliation of all business transactions and integration with your existing accounting systems
”Open Virtual Cards have proved to be extremely beneficial for managing my business online SAAS subscriptions.”
Sureshbhai K
(CEO, Ebizz Infotech)
All end-to-end financial support can be availed at OPEN to support your business.”
Santosh H
(Director, Financial Services)
“ Expense Cards are easy to use and handle, I can do all my online transactions through them ( Open Expense Cards.)”
(Executive Finance & MIS, Infidigit)
Abhi S.
“Virtual Cards (VCC) are very useful and easy to use on many types of subscription based websites.”
Manoj D
(Owner, Manoj DND Digital Hub)
"Running a business of web and mobile app development needs a lot of international online payments to be made and managing the same with my personal credit card was quite a tedious process. Open virtual cards have proved to be extremely beneficial for managing my business online SaaS subscriptions."
Abhi Sonpal
(Executive Finance & MIS, Infidigit)
