SPEQTA e-Invoice Vs. NIC e-Invoice Tool Comparison
| FEATURES | SPEQTA e-Invoice Tool | NIC e-Invoice Tool |
|---|---|---|
| E-Invoice generate and cancel | One Click IRN Generation and Cancellation Process | Manual Process to Generate e-Invoice with multiple steps |
| Bulk processing via API | Multiple Invoices can be Generated in a Single Click | One by One Json File need to uploaded manually to generate multiple invoice |
| Validations | Validations can be checked before uploading the Data on Portal so as to avoid any error in generation of IRN | Validations can be checked before uploading the Data on Portal so as to avoid any error in generation of IRN |
| Preview | Before Uploading the Data facility to preview the invoice is available so as to identify any issue before generation of IRN | Data is to be uploaded through Json which can be read in normal way and not possible to verify the json Data before generation of IRN |
| Regular Invoice with QR Code | As per Not. No. 31/2019 – CT dt. 28.06.2019 Invoice must have QR code as per Rule 46 of CGST Rules alongwith the requirement of Signing of Said Invoice by authorized Person of Organization. One Click Facility to Generate QR Code with Signing Facility if Available. | PDF generated through NIC portal is just and Acknowledgement of generation of IRN and QR Code and not a Valid Tax Invoice as per Rule 46 of CGST Rules |
| Storage of Data of Generate IRN and QR Code | Immediately after generation of IRN and QR Code its data will be stored in your PC automatically and backup of same can be kept for period as you desire. | 24 Hours of generation of IRN and QR Code after 24 hours data is not available on NIC Portal |
| MIS & Dashboard | MIS Dashboard is Available to Track and Search facility to find any previous invoice along with IRN data. | No Report available on NIC portal after 24 Hours. |
| Ease of Operation | Easiest Process of Generation of e-invoice with simple user interface and Automation to Save time and to avoid error in generation | Excel Tool made available on Portal is not specific to Ordnance Factories Need, it is having various other fields which is not of use of ordnance factories and may create confusion among users while generating invoice |
| Data Entry for Generation of E-Invoice |
A Standard Template specific to Ordnance factories has been designed to facilitate Import Invoice data in Software. ITC Section of factory can export the Invoice Data in this Excel Template so as to avoid duplicate data entry. |
Using NIC tool will require manual data entry of same invoice after generation of invoice in PPC Package. |