List of 5 Best E-Invoicing Software in India

Are you still relying on manual invoices in a digital world? You are not alone, but you are also not ahead. As of June 2025, nearly 80% of GST-registered businesses in India have switched to e-invoicing software, surpassing the global average of 71.5%.

The Economic Times reports that ditching paper-based invoicing can help businesses save up to ₹1.09 crore annually. From faster compliance to real-time tracking and reduced errors, e-invoicing offers undeniable benefits.

In this article, we bring you a carefully curated list of the best e invoicing software in India to help your business stay compliant, efficient, and future-ready.

List of the Top 5 E-Invoicing Software in India

The market for e-invoicing software is on the rise and is currently standing at approximately ₹32,035.71 crores as of 23rd June, 2025. Along with that, the number of e-invoicing software providers is also rising. Well, here is a list of the 5 best e-invoicing software in India. 

1. Pice

Pice is a B2B payment app that provides various services such as GST Invoicing services, Supplier payments, paying GST challan, etc. The Pice e-invoicing software auto-imports all purchase invoices directly from your logged account in the GST portal. It offers various payment modes. You can use any of these modes, such as UPI, bank transfer, or card, to review, track, and pay invoices all from one platform.

Pice has a well-optimised invoice report viewing and tracking interface that allows you to access your previous invoice payments in no time.

2. TallyPrime

TallyPrime by Tally Solutions is one of the most widely adopted accounting tools in India, with over 2 million users. Its e-invoicing module enables direct e-invoice generation and e-way bill creation from within the software. With plans starting at ₹750/month (+18% GST), it offers a user-friendly interface, flexible customisation, and seamless GSTN integration.

3. Zoho Billing

Zoho Billing (previously Zoho Subscriptions/Books) is ideal for businesses seeking automation and scalability. It enables the generation of GST-compliant e-invoices, along with real-time IRN generation, cancellation, and status tracking, all within a single dashboard. Zoho is known for its reliable API connectivity with the Invoice Registration Portal (IRP), ensuring accurate data uploads and audit-ready reports.

4. Vyapar

Vyapar is a GST billing and accounting app popular among SMEs and retailers. It allows users to create, upload, and manage e-invoices in less than 2 minutes. With real-time GST portal integration and multi-device access, Vyapar simplifies compliance. It also offers offline billing and automatic data sync when connected, ideal for small business owners working in low-connectivity areas.

5. myBillBook

Used by over 70 lakh businesses across India, myBillBook offers a one-click e-invoicing feature where invoices are auto-uploaded to the IRP with fields like HSN codes and tax amounts pre-filled. It’s especially useful for inventory-driven businesses. While automation is its strength, users are encouraged to double-check auto-filled entries to avoid minor data errors in high-volume billing.

💡If you want to streamline your payment and make GST payments via credit, debit card or UPI, consider using the PICE App. Explore the PICE App today and take your business to new heights.

Understanding the E-invoicing System

An e-invoicing software is a tool that runs on algorithms to automate creating, sending, managing and tracking your e-invoices. It replaces the paper-based invoicing model and introduces a completely digital e-invoicing system. This allows you to create invoices within minutes and provides you with easy access to all your past e-invoices.

Businesses use e-invoicing software to cut down on middleman costs, improving efficiency, real-time financial visibility, and ensuring compliance. Moreover, you can protect your invoice data by protecting your e-invoicing software with passwords. This allows only people with access to past invoices to access them in your business.

The best e-invoicing software can integrate with an individual’s accounting software. This can help in the automatic transfer of data and populate relevant sections, making your work easier.

Factors You Should Consider Before Choosing Your E-Invoicing Software

There are many e-invoicing software that are capable of offering GST Invoices. Well, each software is made with a unique set of algorithms that make it uniquely beneficial in some ways. Here are some things you need to consider before choosing your e-invoicing software.

• Business Needs

Identify your business speciality and make sure that the e-invoicing software you are choosing can develop B2B invoices compliant with your business type. For instance, Pice specialises in offering B2B businesses as they offer B2B payment services and electronic invoicing of bills and GST payment at once.

Moreover, make sure you get software that can handle a huge burden of invoices without hanging.

• User Interface

Some brands offer free e-invoicing, whereas some offer at least a free trial period. During that period, check out the software’s user interface, try out its services and features and make sure its interface is familiar to you.

• Suitability

Each software specialises in offering a different speciality feature, like Pice specialises in offering services to B2B businesses. Make sure the best e-invoicing software you choose suits your business services.

• Value for Money

Various e-invoicing software or apps offer their services at different prices and subscription packages. The amount varies based on the period you are buying for. Well, compare and analyse the prices and features to get the best option for you.

Key Features of The Best E-Invoicing Software

The best e-invoicing software not only offers a digital interface for GST invoice generation. There are various other supporting features backed by algorithms that help in automating the entire process. Here is a list of the features of the best e-invoicing software.

• Advanced Data Verification

The best e-invoicing software is directly integrated with the GSTN or GST network. This allows them to auto-populate data from the official GST portal. Moreover, they can verify manually incorporated details and identify errors or missing entries. This helps to automate data entry and verify its correctness.

• E-way bill Generation

E-way bill is a legal requirement when you or any GST-registered entity is transporting their goods more than ₹50,000 in a single vehicle. Many e-invoicing software offers e-way bill generation services. This can help people comply with the GST regulations.

• Direct E-invoice Upload Feature

Many of the best e-invoicing software is capable of uploading invoices in bulk directly to the Invoice Registration Portal or IRN through the GSTN portal. This software can carry out this task after cross-checking the details within minutes.

• Reporting and Tracking E-Invoices

The best e-invoicing software offers a great user interface, making it easy for people to navigate through the software’s features. You can find any invoice from any period of time within minutes using this software. This was a great limitation in the paper-based invoicing model.

• Auto-Populate Feature

Some of the best e-invoicing software is capable of recognising updated data from the GST portal and auto-populating it whenever you are using the software to perform various tasks. Suppose you upload a B2B transaction invoice on the GST portal, the software will auto-populate it in GST ANX-1 and GST ANX-2.

• Organising Records

The best e-invoicing software in  India provides a separate identity to each invoice, which is called the Invoice Reference Number. This IRN, which they create through GST API integration, helps in tracking, organising and preventing duplication of invoices.

Steps to Generate an E-Invoice from the Best E-Invoicing Software

A good e-invoicing software automates most parts of the lengthy GST invoicing process and takes it down to 3 simple steps. Here are the steps to use the best e-invoicing software to generate invoices automatically.

Step 1: Log in to the e-invoicing software with valid credentials.

Step 2: Create a sales invoice from the software interface. Add party details to the system if it is not already added.

Step 3: Generate a sales invoice and do a quick cross-check on its taxation details.

How to Streamline the Auto-Populate Feature in Your E-Invoicing Software?

Most people use e-invoicing software to auto-populate their data and simplify their work. However, here are some things you must do to ensure this process goes down correctly.

• Update Your Profile Details: Open your profile in your e-invoicing software and make sure you provide all the important user data in it, such as name, GSTIN, address, and bank details.
• Generate Your Invoices from the Master: While generating the invoices, choose your recipient from the pre-defined list in your software. This will make the software save its data.
• Select Sale Items from Master: You must also select the products or services in the invoices from the master. This helps the software to auto-populate the details such as HSN codes, descriptions, rates, and other relevant details.
• Enter Details of the E-Way Bill: If an e-way bill applies to your business, enter the transporter details and location of transport, etc.
• IRN Generation: Make sure all the details you enter are correct, and then submit the auto-populated details in the IRN.

What Are The Details Included in an E-Invoice?

According to the law, since 2017-18, it is mandatory for businesses that make above ₹5 crores in aggregate turnover to generate GST-compliant electronic invoicing for every business transaction. This is a list of details that your e-invoices must have to comply with GST.

General Information

• Customer Details: This section must contain the Buyer’s business name, address and GSTIN.
• Supplier Details: Your/Seller’s business name, address and GSTIN.
• Invoice Details: This consists of the invoice number and invoice issue date, and invoice due date.

Goods or Services Details

• Name: Actual name of the product or service that is sold.
• Quantity: Right next to the name section, you will find Quantity. This represents the number of units sold.
• Tax Rate: Enter the applicable GST tax rate for each item specifically in the respective section (Example: 18% GST on caramel popcorn)

Payment Details

• Invoice Amount: This section represents the total amount for all items, including tax. 
• Nature of Payment: Make sure there are clear details about the due date of payment or the discount for prepayment.
• Mode of Payment: The best e-invoicing software will develop invoices with a proper section that will represent the mode of payment.

Benefits of Using the Best E-Invoicing Software

The digital transition of GST invoices from a paper-based model was a big opportunity for GST-registered businesses. It was helpful in all aspects of the invoicing journey. Here are some benefits of e-invoicing with the best e-invoicing software.

• Time Efficient

The auto-populate feature and eradication of the paper-based model streamlined the process of GST invoicing. You can generate accurate electronic invoices in one go as this software generates data from the GSTN itself.

• Cost-Efficient

Businesses had to employ a person just to generate manual GST invoices and send them to customers. Moreover, the stationary prices kept rising with the number of invoices made. This cost has now come down to a nominal subscription fee for the software.

• Reduces Tax Evasion

The well-organised system of the best e-invoicing software in India is one of the reasons for the reduction of tax evasion in India.

• Enhances Simplicity

Complying with GST rules and regulations is easy with digital platforms like e-invoicing software and the GST portal. People can use e-invoicing software to upload bulk invoices within minutes.

• Easy Organisation and Tracking

Finding certain invoices, even from a bulk of well-organised papers, was a big task. E-invoicing softwares facilitates easy tracking of any invoice from any period within minutes.

Who Can Use E-Invoicing Software for E-Invoicing?

Using e-invoices for generating, sending and tracking invoices is of most value for B2B businesses who might need records of past invoices in future. Here are some business sectors that will benefit the most from the best e-invoicing softwares.

• Large Enterprises: These enterprises generally have an annual aggregate turnover of ₹5 crores, making it mandatory for them. Although manually managing such invoices is next to impossible without automation.
• Small and Medium Enterprises: Generating GST-compliant invoices without any experience can be risky and hard for business owners. E-invoicing system simplifies their task and reduces the burden of excessive staffing.
• B2B Wholesalers and Manufacturers: Invoicing through e-invoicing softwares can help maintain and organise records of all past transactions. This can help in settling disputes and staying GST compliant.
• Service Sector Businesses: E-invoicing from the best e-invoicing software helps to maintain accounts and is a great source of bookkeeping. Now, since service sector businesses do not have a physical product, a well-documented accounting is important to keep track of the business.

Should I Use an E-Invoice Generator?

Both e-invoicing software and e-invoicing generators deal with GST invoices of businesses. However, they are not the same. An e-invoice generator is a tool that allows businesses to create, manage and transmit electronic invoices.

The e-invoice generators offer a fully automated processing of electronic invoices within minutes. However, they possess a lack of customisability, tracking problems and convenience issues in the long term. Moreover, this tool does not offer a mode of payment for invoice payments.

Hence, you may have to use third-party payment options like online payment or UPI.

Hence, generating your own electronic invoices with only necessary automations with e-invoice softwares is a better option than risking your GST compliance with e-invoice generators for a little more convenience. 

Conclusion

E-invoicing your business transactions from the best e-invoicing software is not only important to remain GST compliant, but it can also significantly affect your business operations and streamline the process. It can speed up and organise the billing process, standardise the accounting system, reduce errors and keep track of steady cash flow.

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