E-Invoicing

Integrated Solution ensuring seamless MRA Compliance

  • FAST IMPLEMENTATION AUTOMATED SEAMLESS
  • AUTOMATED VALIDATIONS

What is MRA E-Invoicing?

The MRA is introducing an e-invoicing system in a phased approach. Providers of products and services will need to generate and submit invoices and receipts to the MRA in real time before issuing them to customers. The e-invoicing system aim to: 
    • Foster business transparency among stakeholders.
    • Boost technological readiness for real-time invoice exchanges.
The MRA mandate covers e-invoices and e-receipts, including debit and credit notes. The fine for failing to issue registered invoices is Rs 5,000-10,000 per month, up to a maximum of Rs 200,000.

THE PROCESS

Invoicing data needs to be submitted with digital encryption certificate using a JSON format via an API that will connect to the MRA’s invoice fiscalisation platform for validation. The MRA will assign an Invoice Registration Number (IRN) and a QR code. The QR code will have to be printed on the fiscalised invoice and given to the customer. Each customer will have the ability to use a smartphone to scan the QR Code in order to determine whether the invoice has been fiscalised by MRA.

Solution Benefits

Simplify your Invoice Tax Compliance with our Automated API Processing
Our middleware solution streamlines invoice processing for your business by handling the heavy lifting of API mapping, transformation, and authentication. By integrating with our system, you gain:
Effortless API Connectivity
We take care of connecting to your billing and accounting APIs, eliminating the need for you to manage multiple API integrations.
Flexible Data Mapping
We ensure a seamless flow of invoice information between your systems and MRA APIs.
Built-in Authentication
You won’t need to handle authentication for MRA API. We securely manage authentication on your behalf with security and appropriate encryption.
Real-time Validation
Invoices pass through our validation processes before integration to catch errors early. This improves data quality for your accounting systems.
Continuous Updates and Maintenance
Our solution helps you keep your system up-to-date with MRA API changes without disrupting your workflows, and implement enhancements to the integration as needed.
Our sales team is eager to discuss further: reach out to us on sales@techinstra.com or call on 5830 1213
 

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